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Palm Oil at Heart of Edible Oil Boom to See Supply Crunch Endure - Bloomberg

Palm oil production in Malaysia is on course for its weakest showing in five years as planters grapple with the worst-ever labor shortage in the second-biggest grower, and the low yields are likely to last through March.

The country’s output may slide below 18 million tons this year, according to Nageeb Wahab, chief executive at the Malaysian Palm Oil Association, a growers’ group that represents 40% of palm plantations by area. That’s a drop of at least 6% from last year and the lowest annual volume since 2016.

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October 25, 2021 at 07:00AM
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Palm Oil at Heart of Edible Oil Boom to See Supply Crunch Endure - Bloomberg
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