Mei Mei Chu

Malaysia's Sime Darby seeks detail after palm oil ban request

10 Jul 2020

KUALA LUMPUR Malaysia's Sime Darby Plantation has asked Liberty Shared for more information, it said on Friday, after the activist group made labour abuse allegations in a petition to the United States urging it to ban imports of Sime Darby palm oil.

Malaysia palm oil June end-stocks fall as exports surge 25%

10 Jul 2020

KUALA LUMPUR Malaysia's palm oil inventories fell 6.3% at end-June from a month earlier as a leap in exports amid an easing of coronavirus curbs outpaced a surprise jump in production, official data showed on Friday.

Indian households shun downmarket palm oil, cutting demand in lockdown

07 Jul 2020

MUMBAI/KUALA LUMPUR Palm oil demand in India, the world's top edible oil importer, is set to plunge this year as coronavirus lockdowns slash food service sector demand and households opt for alternatives at the supermarket.

Malaysia's AirAsia sees 2020 capacity at 45-60% of 2019 levels on virus hit

07 Jul 2020

KUALA LUMPUR/SYDNEY Malaysia's flagship budget carrier AirAsia Group Bhd expects its 2020 capacity to be just 45%-60% of last year's levels due to the coronavirus outbreak and to fill 70-75% of seats this year compared with the usual 85%.

Malaysia worries new EU food rules could hurt palm oil exports

03 Jul 2020

KUALA LUMPUR Malaysia's massive palm oil industry has warned that the European Union's (EU) recent proposal to make its food industry more sustainable could eventually lead to stricter regulations for imports of the world's most-consumed vegetable oil.

Malaysia to file WTO legal action against EU over restrictions on palm biofuel

01 Jul 2020

KUALA LUMPUR Malaysia, the world's second largest palm oil producer, will take legal action against the European Union's restrictions on palm oil-based biofuels with the World Trade Organization (WTO), calling the policy a "discriminatory action".

Malaysian palm oil producers step up perks to retain foreign workers amid pandemic

24 Jun 2020

KUALA LUMPUR After five years of often back breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits.

VEGOILS-Palm oil bounces back on stronger crude

23 Jun 2020

KUALA LUMPUR, June 23 Malaysian palm oil futures bounced back on Tuesday as crude prices rose, but gains were limited by fears that the surge in demand and exports would eventually lose steam if there is a second wave of COVID-19 infections.

VEGOILS-Palm sheds early gains after traders flag short-lived recovery

23 Jun 2020

KUALA LUMPUR, June 23 Malaysian palm oil futures shed early gains on Tuesday as traders feared that the surge in demand and exports would eventually lose steam if there is a second wave of COVID-19.

VEGOILS-Palm oil falls on likely drop in global consumption, higher production

22 Jun 2020

KUALA LUMPUR, June 22 Malaysian palm oil futures slid on Monday as the tropical commodity's global consumption is expected to drop, while production in June is estimated to have risen so far.

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