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AGRICOMMODITY NEWS 2020

KUCHING: Crude palm oil (CPO) prices will likely remain under pressure as the several factors, including the Coronavirus Disease 2019 (Covid-19) outbreak, are expected to continue limiting demand in the coming months.
In a sector update, the research team at MIDF Amanah Investment Bank Bhd (MIDF Research) believed that there are several factors at play to keep demand under pressure in coming months.
“The worsening Covid-19 outbreak that is causing a slowdown in business activities, logistical constraints and restricted travelling will continue to put a dent in CPO demand from major economies such as China and European Union (EU),” it said.

PUTRAJAYA: The Ministry of Plantation Industries and Commodities (MPIC) will explore new palm oil markets to avoid over reliance on traditional markets such as India, China and European Union countries.
Its newly-appointed minister, Datuk Dr Mohd Khairuddin Aman Razali said the search for new palm oil markets would help nearly one million people engaged in oil palm activities in the country.


BETONG: The Sarawak Land Consolidation and Rehabilitation Authority (Salcra) will improve its palm oil production by collaborating with Sime Darby.

KUALA LUMPUR (March 9): Local palm oil market players will keep an eye on the Plantation Industries and Commodities Ministry's move on key policies that have been supporting the industry following the appointment of Datuk Dr Khairuddin Aman Razali as the minister today.

KUALA LUMPUR, March 5 -- FGV Holdings Bhd (FGV) today announced that all its 68 mills and 173 estates covering 373,517 hectares of land nationwide are now 100 per cent certified under the Malaysian Sustainable Palm Oil (MSPO) certification scheme under Malaysian Standard MS 2530:2013.