News
Palm oil demand expected to decline as consumers tighten belt in economic slowdown
KUALA LUMPUR (May 1): Demand for palm oil is expected to decline this year, as contractions seen in the global economy will ultimately be a heavy blow to the commodity. On a webinar hosted by the Solvent Extractors Association of India (SEA), Godrej International Ltd director Dorab Mistry noted that...
Palm oil exports to India may hit new record low
KUALA LUMPUR: Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import curbs cause demand to dry up. Malaysia, the No. 2 producer, exported just 10,806 tonnes to the country in March, according to Malaysian Palm Oil Bo...
Malaysia’s palm oil exports plunge 42% in first month of virus curbs
KUALA LUMPUR (April 30): Palm oil exports from Malaysia, the world’s second largest palm producer, plunged 41.7% during the first month of a partial lockdown to contain the coronavirus, its plantation industries and commodities minister said on Thursday. Crude palm oil and refined palm oil exp...
VEGOILS-Palm oil rises on stronger crude prices ahead of exports data
KUALA LUMPUR, April 30 (Reuters) – Malaysian palm oil futures firmed for a third straight session on Thursday, tracking higher crude and soybean oil prices, as traders awaited data on April exports due later in the day. The benchmark palm oil contract for July delivery on the Bursa Malaysia De...
18 Sabah oil palm private jetties allowed to reopen
TUARAN: Eighteen private jetties of oil palm industry in Sabah, which were temporarily closed due to the implementation of the Movement Control Order (MCO), have been allowed to reopen today. Sabah Deputy Chief Minister Datuk Seri Wilfred Madius Tangau (pix) said the decision was made...
Oil palm jetties allowed to operate
TUARAN: All 18 private jetties in the state’s oil palm industry are allowed to continue operations, said Deputy Chief Minister Datuk Seri Panglima Wilfred Madius Tangau. The Trade and Industry Minister said the jetties are allowed to operate starting Sunday, after they were closed on April 17....
