# Palm Oil Skids On Covid-19 – MPOC

> The Malaysian Palm Oil Council reviews February 2020, when the Wuhan coronavirus outbreak and related events weighed on palm oil trading. The piece describes palm oil skidding as the virus spread to other regions. It is an overview of market sentiment rather than a new policy or supply event.

- Date: 2020-03-18 · published 2020-03-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54234-palm-oil-skids-on-covid-19-mpoc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Demand worries from the virus outbreak pressure palm prices as buyers in China and elsewhere reduce food-service consumption.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- mpoc.org.my: https://www.mpoc.org.my/palm-oil-skids-on-covid-19/

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