Palm oil facing a supply crunch

KUALA LUMPUR: Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labour shortage, and the low yields are likely to last through March.

The country’s output may slide below 18 million tonnes this year, according to Datuk Nageeb Wahab, chief executive at the Malaysian Palm Oil Association, a growers’ group that represents 40% of palm plantations by area.

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