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Palm oil prices extend losses as market braces for demand
KUALA LUMPUR: Malaysian palm oil futures extended losses on Wednesday, tracking weaker rival oils, and on deepening worries over a plunge in demand as more countries go into lockdowns due to the coronavirus outbreak. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 41 ringgit, or 1.71 per cent, to 2,361 ringgit ($546.27) per tonne by the midday
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This best palm oil manufacturer in Malaysia is headquartered in Selangor, Malaysia. This top palm oil factory in Malaysia produces vegetable oils, meal, and cakes. It is a leading palm oil exporters in Malaysia and has palm oil factory in Malaysia with a production capacity of almost 10,000 tons of palm oil annually.
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