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Malaysia Extends Lockdown to end-April

Malaysia’s Prime Minister Muhyiddin Yassin announced on Friday the extension of the movement control order (MCO) until April 28, close to the start of Ramadan. Muhyiddin explained that the decision was in line with the World Health Organization’s (WHO) guidelines that advises against lifting MCOs too early to avoid a reoccurring wave of infections. The Prime Minister advised Malaysians to…



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Palm oil slides on overnight soy oil losses

Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight U.S. soy oil prices and on forecasts of slower-than-expected declines in output. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.6% at 2,157 ringgit (US$521.77) a tonne at the close of trade, after…