PETALING JAYA: A prolonged labour shortage in the oil palm plantations nationwide is expected to trigger a larger-than-expected drop in crude palm oil (CPO) output both this year and next year, say analysts.
The situation is reflected by the latest October statistics released by the Malaysian Palm Oil Board (MPOB) yesterday – with CPO production down by 7.8% to 1.72 million tonnes and palm oil stocks tumbling to its lowest since June 2017 to 1.57 million tonnes respectively.
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