Login ID:
Partner Login
Contact Us : 7066511911

Malaysia's Sabah Shutdown Risks Loss Of 500,000 T Palm Warn Growers

7 Apr 2020 6:27 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) - Malaysia's biggest palm oil producing state of Sabah risks losing 500,000 tonnes of crop from a 14-day blanket closure of plantations in six districts aimed at stemming the spread of the coronavirus, the main growers' group warned on Tuesday.

Earlier the Malaysian Palm Oil Association and Malaysian Estate Owners' Association appealed for a relaxation of the shutdown, saying only three companies out of five large and thousands of smallholders in the state had confirmed cases of infection. Last week, Sabah expanded the shutdown of palm oil plantations and factories to six districts in the state from three and extended the order until April 14, from March 31, after several palm estate workers tested positive for the virus. "Planters on the ground are already lamenting huge crop losses and that their fields have gone unattended and weeds (are) creeping in," the Malaysian Palm Oil Association and Malaysian Estate Owners Association said in a joint statement on Tuesday. "Any prolonged shutdown will only worsen the situation... This would entail remedial rehabilitation work post Covid-19 which will be a costly exercise," it said. Malaysian Palm Oil Association estimates a loss of fresh fruit bunch valued at 430 million ringgit ($99 million) from a 14-day closure. The associations said some plantations including smallholders have even reported workers leaving due to lack of work. Malaysian palm giants have urged the state to reopen plantations. Sabah chief minister Shafie Apdal on Tuesday told reporters that he would discuss the shutdown order against plantations and millers with the cabinet on Wednesday. Malaysia has reported 3,963 coronavirus cases, the highest in Southeast Asia, with 63 deaths. (Commodities Control Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Market Snapshot (MCX/NCDEX)
Market Snapshot (MCX/NCDEX)
Market Snapshot (Globex)
Market Snapshot (MCX/NCDEX)
Market Snapshot (Globex)
Top 5 News
Thailand Rubber F.O.B. Offer Prices 27 MAY 2020
Market Snapshot (MCX/NCDEX)
ICE Cotton Settles Higher On Outlook For Lower Rainfal...
ICE Raw Sugar Settles Above 11 Cents Amid Gains In Cru...
CBoT Soybean Ends In Double Digit On China buying, Eco...
Top 5 Special Reports
USD/INR (May 20) Consolidating in a Multi-Week Range...
Cotton Yarn Prices Set To Slide About 9%; Buying Oppor...
Indian COTTON Market intelligence and Price Outlook: F...
veg oil Complex Fundamental Analysis Report
Weekly: Pulses Drop On Listless Demand In Dals, Crop Ar...
Copyright © CC Commodity Info Services LLP. All rights reserved.