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.
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%.
