# MINISTRY OF  PLANTATION AND COMMODITIES

> FGV Holdings CEO Haris Fadzilah Hassan said the double hit to palm demand from the India trade dispute and the China coronavirus is likely temporary. He cited low production in January to March and said FGV expects orders from India to fall 10% to 15% in February and March, to be offset by other markets such as Pakistan. Prices had rebounded that week on a Malaysian supply squeeze.

- Date: 2020-02-11 · published 2020-02-11T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54692-ministry-of-plantation-and-commodities
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected tight first-quarter output and a shift of shipments to other buyers suggest limited downside for palm prices, though lower Indian and Chinese purchases remain a near-term drag.

## Read by commodity

- PALMOIL: neutral

## Sources

- mpi.gov.my: https://mpi.gov.my/kpk/en/menu-arkib?catid=84%3Apalm-oil-news-2020&id=446%3Apalm-oil-palm-giant-says-blow-to-china-india-sales-is-temporary&view=article

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