Sabah oil palm players could lose RM860mil from closure of estates and mills

Last week, oil palm estates in Tawau, Lahad Datu and Kinabatangan were told to temporarily close their operations for seven days.The mills there, meanwhile, were to be closed for five days after several workers had tested positive for Covid-19.

PETALING JAYA: Sabah will likely suffer a loss of revenue of about RM860mil from the one-month closure of its oil palm estates and mills due to the Covid-19 lockdown, warn two major oil palm associations.

This will also result in a loss of about 7.5% or RM57mil in sales tax revenue to the government.