“Sellers are bringing down prices to more reasonable levels because they see the challenges of labour shortages, forced labour allegations, and sustainability issues, ” said CGS-CIMB head of research Ivy Ng.(pic)
KUALA LUMPUR: A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.
Higher prices of the tropical oil over the past year created a profit windfall for the industry, making the time ripe for cash-rich planters to snap up plantation assets.
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