Palm oil prices to stay high as fertiliser costs limit output

KUALA LUMPUR: Palm prices are expected to stay strong next year as production will remain constrained due to soaring fertiliser costs and long-standing labour shortages, the Council of Palm Oil Producing Countries (CPOPC) said on Thursday.

The sector, which is already facing sluggish yields after farmers reduced fertiliser usage in 2018 and 2019, may again suffer from lower inputs next year.