The Incorporated Society of Planters chairman Datuk Daud Amatzin.
PETALING JAYA: While Budget 2025 introduced several key measures aimed at fostering economic growth and social equity, its implications on the labour-intensive sectors like plantations, particularly the palm oil industry, are raising concerns about the rising cost implications they face.
Among industry representatives who spoke to StarBiz, there’s growing concern that planters may face shrinking profit margins unless they can significantly improve efficiency or accelerate mechanisation efforts and improve yields.
