(Bloomberg) Palm oil output in Malaysia, the No. 2 supplier, could rise 5% this year after the government allowed plantations to hire foreign workers, said Joseph Tek, chief executive of the Malaysian Palm Oil Association.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutChina’s Bold Stock-Market Rescue Plan Leaves Investors Skep
The admission of new workers potentially means that an additional 5.2 million tons of fresh fruit bunches can be harvested. Read more at straitstimes.com.
Malaysia palm oil output to benefit from entry of foreign workers nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.
BERNAMA - ENTRY OF FOREIGN WORKERS TO PLANTATION INDUSTRY SET TO GENERATE RM4 BLN REVENUE bernama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bernama.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Malaysia’s palm oil industry is set to generate RM4 billion in revenue if half of the indicated 40,000 foreign workers needed by the sec.