Malaysia’s palm oil industry faces RM10b annual loss due to labour crunch — minister

KUALA LUMPUR (July 1): Malaysia, the world second-largest palm oil producer, is facing a labour shortfall of around 32,000 people due to corononavirus restrictions, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said today.

“The labour shortage issue is estimated to cause around RM10 billion in losses annually due to unharvested ripe palm oil fruits,” the minister said at a conference.

Source: TheEdgeMarkets