• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Stock Market

Exclusive-Heavy rains to hit Malaysian palm oil output again in December, says MPOB By Reuters todayheadline

December 13, 2024
in Stock Market
Reading Time: 2 mins read
A A
0
© Reuters. FILE PHOTO: Fresh fruit bunches of oil palm tree are are seen inside a wheelbarrow at a palm oil plantation in Kuala Selangor, Selangor, Malaysia April 26, 2022. REUTERS/Hasnoor Hussain/File Photo
3
SHARES
6
VIEWS
Share on FacebookShare on Twitter


By Ashley Tang and Rajendra Jadhav

KUALA LUMPUR/MUMBAI (Reuters) – Malaysia’s palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world’s second-largest producer of the tropical oil, the industry regulator told Reuters on Friday.

Lower output in Malaysia would curb inventories in the country and further boost benchmark futures, which are already near their highest levels in about 2-1/2 years.

“We estimate a potential reduction of around 5% to 8% in crude palm oil (CPO) production under normal circumstances,” Ahmad Parveez Ghulam Kadir, director-general at the Malaysian Palm Oil Board (MPOB) said.

“However, if severe flooding persists, the reduction could reach as high as 10% to 20%,” he said.

Peninsular Malaysia, particularly its northeastern coast, and southern Thailand have been battered by torrential rains which caused floods that killed dozens of people, and damaged homes, transport links, and thousands of acres of rice crops.

Malaysian Prime Minister Anwar Ibrahim said the rains were far beyond expectations, with some east coast areas getting more than six months’ worth of rainfall between Nov. 26 and 30.

In November, Malaysia’s CPO production declined 9.8% from a month ago to 1.62 million metric tons, the lowest for the month since 2020, the board said earlier this week.

Malaysian Meteorological Department (MET) on Friday said a few states could receive continuous rainfall from Dec. 16 to 19.

The MPOB is closely monitoring the situation as the MET has forecast a second wave of floods due to heavy rainfall, Kadir said.

Heavy rains could further damage plantation infrastructure, such as roads and bridges, making it difficult to harvest and transport fresh fruit bunches from estates to mills, he said.

In December 2023, Malaysia harvested 1.55 million tons of CPO, but production this December could be far lower than last year, said a Malaysian palm oil producer, who did not want to be named.

Palm oil usually trades at a discount to soybean oil and sunflower oil, but is currently at a premium over these competing oils due to limited supplies.

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);

Previous Post

Europe faces dire economic prospects amid monumental challenges todayheadline

Next Post

Billionaires Are Buying a Supercharged Index Fund That Includes Nvidia, Tesla, and Other “Magnificent Seven” Stocks todayheadline

Related Posts

Several people injured in Russian attack in Ukraine's northeast, Kyiv officials say todayheadline

May 30, 2025
3
South Korean presidential frontrunner proposes revising constitution on martial law

South Korean presidential frontrunner proposes revising constitution on martial law todayheadline

May 30, 2025
3
Next Post

Billionaires Are Buying a Supercharged Index Fund That Includes Nvidia, Tesla, and Other "Magnificent Seven" Stocks todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

Several people injured in Russian attack in Ukraine's northeast, Kyiv officials say todayheadline

May 30, 2025

Sri Lanka sells extra Rs16.2bn Treasury bills after auction todayheadline

May 30, 2025
Chicago risks severe cuts to transit. Its poorest suburbs could be hit even harder

Chicago risks severe cuts to transit. Its poorest suburbs could be hit even harder

May 30, 2025
NATO faces make-or-break decision on a post-US future

NATO faces make-or-break decision on a post-US future

May 30, 2025

Recent News

Several people injured in Russian attack in Ukraine's northeast, Kyiv officials say todayheadline

May 30, 2025
3

Sri Lanka sells extra Rs16.2bn Treasury bills after auction todayheadline

May 30, 2025
2
Chicago risks severe cuts to transit. Its poorest suburbs could be hit even harder

Chicago risks severe cuts to transit. Its poorest suburbs could be hit even harder

May 30, 2025
2
NATO faces make-or-break decision on a post-US future

NATO faces make-or-break decision on a post-US future

May 30, 2025
2

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Several people injured in Russian attack in Ukraine's northeast, Kyiv officials say todayheadline

May 30, 2025

Sri Lanka sells extra Rs16.2bn Treasury bills after auction todayheadline

May 30, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co