# Malaysia's FGV expects 2020 crude palm oil output to plunge due to pandemic, ETEnergyworld

> FGV Holdings, the world's largest crude palm oil producer, forecast a significant drop in 2020 output because pandemic restrictions disrupted plantation and mill work. Malaysia's movement restriction order, in place until mid-May, has curtailed its workforce, and limits on logistics services will affect CPO movement and inventory. FGV also expects lower processing volumes for export and bulk products.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: logistics · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/53744-malaysia-s-fgv-expects-2020-crude-palm-oil-output-to-plunge-due-to-pandemic
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Malaysian palm output and reduced processing tighten near-term palm oil supply, which supports prices even as demand weakens. Restocking in China provides some offsetting demand.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-24 | [Malaysian palm oil producers step up perks to retain foreign workers amid pandemic](https://feedsoft.ai/events/52733-malaysian-palm-oil-producers-step-up-perks-to-retain-foreign-workers-amid.md) | -1.0% | +5.7% |
| PALMOIL | 2018-06-28 | [Extended Eid break disrupts Malaysian, Indonesian palm oil harvest, mills \| Malay Mail](https://feedsoft.ai/events/64629-extended-eid-break-disrupts-malaysian-indonesian-palm-oil-harvest-mills-malay.md) | -3.0% | -6.0% |
| PALMOIL | 2022-06-06 | [Malaysia palm group warns of losses ahead from 'severe' labour crunch](https://feedsoft.ai/events/15818-malaysia-palm-group-warns-of-losses-ahead-from-severe-labour-crunch.md) | -6.0% | -34.1% |
| PALMOIL | 2017-04-07 | [Malaysia palm planters face labor shortage as Indonesia workers stay away](https://feedsoft.ai/events/71605-malaysia-palm-planters-face-labor-shortage-as-indonesia-workers-stay-away.md) | -3.7% | -2.7% |
| PALMOIL | 2022-05-20 | [Recriminations fly as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41502-recriminations-fly-as-indonesia-resumes-palm-oil-exports.md) | +2.6% | -7.0% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/malaysias-fgv-expects-2020-crude-palm-oil-output-to-plunge-due-to-pandemic/75444707

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.