SINGAPORE (Apr 13): The plantation sector has not been spared by the Covid-19 pandemic. Like any other industry, counters have become victims of panic-induced selling. 

In a Monday report, DBS analysts William Simadiputra notes that Malaysia’s crude palm oil (CPO) stockpile for March came in at 1.7 million metric tonnes, down 41% year-on-year. The sector’s exports fell 27% y-o-y, while output fell 16%. 

However, on a month-on-month basis, the numbers offered some brief respite. CPO stockpile figures remained flat, while exports and output expanded by 9% and 8% respectively. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook