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KUALA LUMPUR: The shuttering of plantation operations in six Sabah districts will likely drag on April CPO inventory level and provide support to prices in the near-term, says PublicInvestresearch.
KUALA LUMPUR (Bloomberg) -- Oil palm planters in Malaysia, the world’s second-largest grower, warned that closing estates in its top-producing state may exacerbate the spread of the coronavirus by creating a flood of economic migrants, while tightening food supplies.
PETALING JAYA: Planters with oil palm estates and mills in Tawau, Lahad Datu and Kinabatangan in Sabah became the first casualty of a Covid-19 lockdown within the plantation sector in the country, say analysts.
So far no reported cases of virus outbreak in estates
KUALA LUMPUR: As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak.
PETALING JAYA: The potential impact of the Covid-19 pandemic, coupled with the fall in crude oil prices resulted in HLIB Research downgrading the sector to “neutral” from “overweight”, and revising its crude palm oil (CPO) price assumptions downwards.
KUALA LUMPUR: Bursa Malaysia lost its early momentum as it retraced earlier gains to end just slightly in positive territory.
KOTA KINABALU: Water woes faced by households around Bandar Sri Indah in Tawau are expected to ease with the completion of a water treatment plant there.
KUALA LUMPUR: Banks led blue chips lower on Friday as worries about the fallout on the economy continued to weigh on investor and the anxiety among investors was also seen in Asian markets.