Palm oil challenge
KUALA LUMPUR: Local palm oil refiners may be in for a tough year as the industry suffers from higher cost of crude palm oil (CPO) and stagnating yields.
While upstream planters have become prime beneficiaries of the present lofty CPO spot price of about RM4,000 per tonne, analysts believe Malaysian palm oil refiners may be losing out, particularly when rivals in Indonesia are enjoying a cost advantage due to a new export tax structure.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
