News
Sabah suspension to only affect certain firms
KUCHING: The suspension of upstream operations for major Sabah estates on March 25 and mill operations on March 27 for almost three weeks are expected to impede palm oil production further, as Sabah constitutes 25 per cent of Malaysian palm oil production. Nevertheless, this is only expected to affe...
Coronavirus-driven lockdowns to dent demand for palm oil during Ramadan
KUALA LUMPUR/MUMBAI: 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. Lower-than-normal demand could put pressure on M...
Muted Ramadan, Eid amid pandemic slam seasonal rise in palm oil demand
KUALA LUMPUR/MUMBAI (April 21): 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. Lower-than-normal demand could put pressur...
MCO: FGV ceases ops of five palm oil mills in Sabah’s Sahabat region
KUALA LUMPUR: FGV Holdings Bhd has voluntarily ceased operations at five palm oil mills in the Sahabat region in Lahad Datu, Sabah, after the police enhanced the movement control order (MCO) in the area due to 11 Covid-19 cases detected. In a statement yesterday, FGV confirmed none of its employees ...
B20 biodiesel delay likely to have major impact on palm oil sector: CGS CIMB Research
PETALING JAYA: The decision to delay the implementation of the national B20 biodiesel programme, is likely to significantly impact the palm oil sector next year, according to a note by CGS CIMB Research. The research house said while the decision was not a surprise, the potential loss in crude ...
Plantation experts concerned over May CPO exports
PETALING JAYA: Plantation experts are concerned about crude palm oil (CPO) exports from May onwards, as many nations are still battling against the Covid-19 pandemic, with no vaccine in sight to-date. In a bid to curb the spread of the virus, people are practising social distancing, resulting in the...
