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Shortage to be addressed
PONTIAN: The palm oil industry is hurting badly from a severe lack of labour, but Datuk Seri Dr Wee Jeck Seng is hoping to ease the pain in the next two months.
Plantations at a breaking point
PETALING JAYA: The prolonged labour shortage in the oil palm plantation sector remains unresolved, as the government has yet to fulfil its promise of bringing in 32,000 foreign workers.
Malaysia in the driver’s seat
Indonesia’s palm oil export ban likely to benefit Malaysia
Planters could experience a drag on earnings
PETALING JAYA: Local plantation companies, which have reaped bumper earnings over the past one year, will likely experience a squeeze in their profit margins from next quarter, dragged by strong hikes in production costs coupled with the anticipation of softer crude palm oil (CPO) prices in the second half of the year (2H22).
CPO futures poised for technical correction next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade lower next week on technical correction following continued speculative play, Interband Group of Companies senior palm oil trader Jim Teh said.
Plantation labour shortage issue seen to prolong
PETALING JAYA: Local planters are bracing for another round of crop losses between the first and second quarter of this year, given the prolonged delay in the intake of foreign workers to address the severe labour shortage in the plantation sector.
CPO futures likely to undergo technical correction next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to experience a technical correction next week following the higher price movement this week, said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa.
CPO futures to trade range-bound next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in range-bound mode next week as market players lack movement catalysts ahead of the new year 2022.
MPOA launches charter for workers’ rights
PETALING JAYA: The Malaysian Palm Oil Association (MPOA) has launched its responsible employment charter to outline the commitment of its members to the responsible recruitment and treatment of their workers.
MPOA launches charter safeguarding workers' rights
KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) has launched its responsible employment charter to outline the commitment of its members to the responsible recruitment and treatment of their workers.
