Labour weighs on planters’ earnings

Shortage of manpower dominates output and yields

PETALING JAYA: A prolonged labour crunch affecting yields in the estates, rising costs and hefty windfall tax payments could undermine the earnings of plantation companies as the first quarter results for the financial year 2022 (1Q22) rolls in.

This is despite planters enjoying an all-time record crude palm oil (CPO) average selling price (ASP) at RM6,300 per tonne in the first four months of this year compared with RM4,407 in 2021, said plantation analysts.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Ringgit opens higher vs US dollar as investors await NFP data
FBM KLCI opens Thursday weaker as weak stretch continues
Trading ideas: Boustead Plantations, KLK, KIP REIT, Hexza, YLI
Reliance unveils swappable, multipurpose batteries for EVs
The banker trying to fix UK’s electricity grid
Banks behind 70% jump in greenwashing incidents
Mosti to foster tech hubs in Sabah, Sarawak
Malakoff to invest RM2.5bil in solar projects
Irish GDP to contract but domestic economy to grow
Indian firms face key risks from data, climate change

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read