Malaysia palm plantations forced to shut for two weeks during virus curbs

 Publish date: Wed, 18 Mar 2020, 10:32 AM

KUALA LUMPUR: Palm oil plantations in Malaysia will have to stop operations for the next two weeks to comply with government orders to shut non-essential businesses to contain the spread of the coronavirus, a producer group said on Wednesday.

Malaysia has closed its borders and restricted internal movement by shutting schools and businesses from Wednesday until March 31, after the number of infections in the country climbed to the highest in Southeast Asia.

Palm oil plantations had requested an exemption, but they have not heard back from the government, Nageeb Wahab, chief executive of the Malaysian Palm Oil Association, told Reuters.

"In view of that, we have to adhere to the government directive to cease operations," the group wrote in a letter to members that was seen by Reuters.

A two-week halt in operations will be damaging to the industry with fresh fruit bunches left to rot and the livelihoods of smallholders affected, an analyst said.

"Inventory is low. If we don't allow the planters to work for two weeks, after fulfilling export orders, we will be left with very little inventory which will be unprecedented," Ivy Ng, regional head of plantations research at CIMB Investment Bank told Reuters.

Malaysia's February end-stocks fell to 1.68 million tonnes, the lowest since June 2017, according to data from the Malaysian Palm Oil Board.

The association's Nageeb has said it would take two to three months for things to return to normalcy after a shutdown. 

 - Reuters

Share this

  Be the first to like this.
Jh Chin Palm oil also need social distancing from human.
18/03/2020 2:34 PM
qqq33333333 unnecessary
18/03/2020 2:44 PM
Sslee More order will come to Indonesia.
18/03/2020 2:45 PM
qqq33333333 responsible behavior, social distancing, wash hands , mask.............is more effective than stop plantation workers.
18/03/2020 2:50 PM
qqq33333333 our government simply tembak
18/03/2020 3:33 PM
kinuxian Sarawak is more flexible and practical.

18/03/2020 3:42 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program

659  169  374  719 

Top 10 Active Counters
 HIBISCS 0.51+0.06 
 SAPNRG 0.105+0.01 
 LAMBO 0.010.00 
 ARMADA 0.175+0.01 
 VELESTO 0.165+0.005 
 MINETEC 0.195+0.025 
 AGES-PA 0.010.00 
 KNM 0.165+0.02 
 EKOVEST 0.415+0.025 
 PERDANA 0.18+0.01 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers