Ongoing issue: Workers are seen standing near palm oil fruits inside a palm oil factory in the Klang Valley. A labour shortage is affecting the CPO supply. ― Reuters
PETALING JAYA: Palm oil stock levels will remain “tight” this year amid the labour shortage woes and disruptions from the Covid-19-led lockdowns in estates, say analysts.
This is despite the higher June palm oil inventory released by the Malaysian Palm Oil Board (MPOB) yesterday. MPOB said palm oil stocks rose slightly by 2.82% to 1.61 million tonnes in June from 1.57 million tonnes in May.
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