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COVID-19 has resulted in a global pandemic which has to date infected more than 3.56 million people and nearing 250,000 deaths reported globally.
KUALA LUMPUR: Malaysia has criticised the World Health Organisation for advising adults to avoid palm oil in their diet during the Covid-19 outbreak and use alternatives such as olive oil.
KUALA LUMPUR: The palm oil market is set to miss out on a key high demand period in 2020 as coronavirus-driven lockdowns during the Muslim holy month of Ramadan dent demand in key importing countries such as India, Pakistan and Bangladesh.
KUALA LUMPUR: The ringgit extended yesterday's uptrend to open higher against the US dollar Tuesday, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting today, with the market expecting a 25 basis point cut in interest rates today.
KUALA LUMPUR/MUMBAI (Reuters) - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
KUALA LUMPUR: Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council (MPOC) said.
India, the world’s largest edible oil buyer, has reportedly imposed import restrictions on refined palm oil and instructed traders to avoid palm oil-related purchases from Malaysia following a recent misunderstanding between the two countries’ governments.
Minister says setback of China’s novel coronavirus is temporary
KUALA LUMPUR: The United Nations should create internationally recogniSed sustainability standards that apply across all agricultural crops including palm, according to the Council of Palm Oil Producing Countries, or CPOPC.