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KUALA LUMPUR: Malaysian palm oil futures edged up on Thursday, as crude oil futures rallied and the ringgit weakened, but concerns over a drop in global demand limited gains
JAKARTA, March 30 (Jakarta Post/ANN) -- The Indonesian Palm Oil Producers Association (GAPKI) said export volume to China fell by 381,000 tons or 57 percent in January and this had contributed to the sharp fall in the country’s total palm oil exports, which declined by 35.6 percent to 2.39 million tons in January, from 3.72 million tons in December 2019.
PETALING JAYA: Plantation operations are expected to be affected by lower exports and prices in the coming months given disruption in the global palm oil supply chain led by the Covid-19 pandemic.
NEW DELHI (Bloomberg): Palm oil dropped to a five-month low on concern about poor purchases by top buyer India, Malaysia’s move to allow the industry to operate during a nationwide lockdown and an overnight slump in petroleum.
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: Shockwaves from the oil price crash have hammered Asia’s biofuels industry, upending optimism over the industry’s future.
In DOING its share for the environment by reducing waste in landfills, Sunway Resort Hotel and Spa has embarked on a food waste composting project and managed to compost 15,000 litres of food waste from its kitchen.
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) expects the plantation industry and crude palm oil (CPO) prices will continue to face strong headwinds this year, particularly from the implication of the Covid-19 coronavirus outbreak and the ongoing trade spat between India and Malaysia which is restricting the exports of local palm oil.
THE fortnightly clean-up at the Kajang market by Kajang Municipal Council (MPKj), Solid Waste Management and Public Cleaning Department (JPSPPA) and traders has managed to maintain cleanliness and hygiene at the place.