COVID-19 expected to pressure Malaysian palm oil prices

In Malaysia, the Borneo Post reports that the COVID-19 virus is expected to pressure palm oil prices due to logistical challenges and a slowdown in overall business activity. Falling demand from China as a result, as well as Europe’s ongoing pressure against unsustainable palm oil supplies, won’t be sufficiently offset by an uptick in demand resulting from India easing its additional tariff on Malaysia imports following a diplomatic spat. February palm oil prices fell 10% against February 2019.