News
Oil palm estates to reopen in six Sabah districts
KOTA KINABALU: Sabah has given a conditional approval for oil palm plantations and mills in six east coast districts to restart operations after they were shuttered on March 30. Chief Minister Datuk Seri Mohd Shafie Apdal said the state had agreed for the plantations and mills in Tawau, Lahad Datu, ...
Palm oil players in Sabah can resume operations, to adhere to state guidelines
KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) and the Malaysian Estate Owners Association (MEOA) have been diligently engaging with the relevant authorities in Sabah and putting relevant measures to curb the spread of Covid-19 in the palm oil supply chain. In a joint statement yesterday, b...
Malaysia’s palm oil stocks up 1.67pc in March
KUALA LUMPUR, April 10 — Malaysia’s total palm oil stocks rose 1.67 per cent to 1.72 million tonnes in March 2020 from 1.70 million tonnes in February 2020. The Malaysian Palm Oil Board (MPOB), in a statement today, said crude palm oil (CPO) stock dropped by 2.57 per cent to 829,524 tonnes fro...
Baby elephant rescued in Lahad Datu plantation
KOTA KINABALU: At a time when we are worried about the Covid-19, a heart-warming wildlife rescue by the Sabah Wildlife Rescue Unit (WRU) came to light on social media. WRU, which continues to carry out its responsibilities during the Movement Control Order (MCO), came to the rescue of a baby elephan...
Lower palm oil exports if Covid-19 persists
KUCHING: Lower palm oil export numbers will likely persist if the spread of the Covid-19 is not controlled, but analysts believe that demand is largely recession-proof. AllianceDBS Research Sdn Bhd (AllianceDBS Research) believed that the Covid-19 pandemic has disrupted the palm oil supply chain glo...
Palm oil supply-demand tightness to remain
KUALA LUMPUR: Palm oil supply and demand are expected to remain tight in the near term as the expected fall in demand amid the Covid-19 crisis will be accompanied by a fall in output, say analysts. “The weak demand is partially offset by tighter supply prospects as some of the soybean and palm oil o...
