Harvested oil palm fruits are loaded into a trailer at a plantation in Kapar, Selangor, Malaysia. Exports of palm oil have increased as supplies of other cooking oils have been affected by Russia’s invasion of Ukraine. Photo: Bloomberg
Ukraine war benefits Malaysian palm oil, but foreign worker shortage curbs production output
- Amid labour shortage and high demand, Malaysia will hire 180,000 workers to harvest palm oil as alternatives to cooking oils no longer available from Ukraine
- One analyst believes the Ukraine-Russia war – now in its second month – could last 15 years which could mean an extended boost for Malaysian palm oil exports
Harvested oil palm fruits are loaded into a trailer at a plantation in Kapar, Selangor, Malaysia. Exports of palm oil have increased as supplies of other cooking oils have been affected by Russia’s invasion of Ukraine. Photo: Bloomberg
