executive officer Datuk Nageeb Wahab said the special task force was formed following a meeting on

March. The country’s output may slide below 18 million tonnes this year, according to Datuk Nageeb

) chief executive officer Datuk Nageeb Wahab. The estimated RM12bil taxes by planters to the government

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. The CPO spot price even hit a high

PETALING JAYA: A potential delay in replanting activities among oil palm planters is envisaged this year, given the current record high crude palm oil( CPO) prices, say industry experts. The spot CPO price on Feb 24 showed a new historical peak at RM6, 845.50 per tonne, with the highest and lowest traded contracts at RM6, 880 per tonne and RM6, 750 per tonne, respectively. According to Malaysian Palm Oil Board( MPOB) director-general Dr Ahmad Parveez Ghulam Kadir, many planters would normally po

PETALING JAYA: Plantation Industries and Commodities deputy minister Datuk Seri Dr Wee Jeck Seng said Indonesia’s move to ban exports of palm oil would have a huge impact on Malaysia as the second largest producer of the commodity. Wee said that the ministry would have to study the matter closely and look at the long and short-term effects on Malaysia.“ In the short term, the price of palm oil is expected to see a sudden huge spike.... On top of that, Malaysia, as the second largest producer of

Then they( politicians) can continue their fight in the general election next year.... It’s really disheartening to see how healthcare facilities are not able to cope.... The strength and support for the government is so important, ” he says....

When you artificially keep the prices low, at the end of it, it will stall many other things and in many other aspects, it influences quality and the final deliveries.“ And finally, you start to see that it conflicts with the idea of where we want to be.... This is an excuse that Noor Azlan does not buy.He reasons that the same jobs are being done in many developed countries and advanced nations.“ But instead of resorting to cheap labour, they resort to technology.... This has already happened