Tough sector: Workers using palm fruit spears to remove bad bunches from a pile at the Bukit Senorang Palm Oil Mill, owned by United Malacca Bhd, in Pahang. United Malacca, one of 2017’s top 10 Malaysianpalm oilstock performers, is looking to drones, clones and planting other crops to overcome challenges from labour shortages to price volatility. — Bloomberg
PETALING JAYA: The outlook for palm oil in 2018 is deemed to be challenging.
Amid stiff market competition, the century-old plantation sector will continue to struggle with long-standing labour shortage, rising operating costs, dwindling demand in traditional export markets and increasing anti-palm oil campaigns in the West, say market analysts.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
