Research firm foresees palm oil sector hit by decreased demand, price

CORONAVIRUS | The palm oil sector will be greatly impacted by the ongoing Covid-19 pandemic as prices are predicted to decrease, along with reduced demand, said Fitch Solutions Country Risk and Industry Research.

The research firm in its report today said palm oil prices are expected to decrease slightly from current levels of RM2,626 per tonne in the first quarter of 2020 to an average of RM2,300 per tonne over the coming months...