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Palm oil set for more losses on China coronavirus, India import curbs
KUALA LUMPUR (Reuters) – Malaysian palm oil futures could fall below 2,500 ringgit over coming weeks if the spread of a deadly coronavirus in China continues to disrupt travel and normal activity in the world’s second-largest palm oil importer, brokers and traders said.FILE PHOTO: A worker unl...
Teresa Kok to engage Europe on direction of Malaysian oil palm industry
KOTA TINGGI (Jan 30): Malaysia will engage four European countries next week on the direction of the Malaysian oil palm industry, to address the widespread anti-palm oil campaign in the continent. Primary Industries Minister Teresa Kok said she would expound on the four policies of the national oil ...
Malaysian palm oil price recovers from near 12-year low
JAKARTA: Malaysian palm oil futures jumped the most in 11 years on Wednesday after sharp losses in the previous session, helped by expectations of lower output, although fears over the fast-spreading coronavirus capped the gains. The benchmark palm oil contract for April delivery on the Bursa Malays...
Palm oil slumps 7% as spread of coronavirus raises demand worries
JAKARTA (Jan 28): Malaysian palm oil futures plunged 7% on Tuesday, their biggest intraday drop in more than seven years, on concerns that the spread of a coronavirus in China would cut demand of the vegetable oil in its second-largest importer. The benchmark palm oil contract for April delive...
Palm oil prices retreat on weak petroleum, coronavirus concern
KUALA LUMPUR/NEW DELHI (Jan 23): Palm oil retreated on Thursday, as growing concern about Malaysia’s shipments to India and a drop in petroleum prices amid China’s coronavirus outbreak reduced the tropical oil’s appeal as a biofuel. Palm futures dropped as much as 1.7% after surging 3% in the previo...
China will keep buying our palm oil, Darell Leiking says
SINGAPORE (Jan 22): Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the US amid the trade war, according to the Southeast Asian nation’s trade chief. “I don’t think so,” Malaysia’s Minister of International Trade a...
