Labour weighs on planters’ earnings


Shortage of manpower dominates output and yields

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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Curb appeal can enhance a home’s value
Beware of rental scams!
Divorce 101: How property is divided
Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Low volatility a remedy for the extremes?

Others Also Read