On-the-Ground Update

Joy and Concern of Oil Palm Industry Players

Yuan Chong
Published Mar 2, 2022
Under the pandemic, it is an indisputable fact that agricultural development is thriving, especially the oil palm industry, which will continue to rise due to the impact of international trends and the increase in demand for palm oil. Meanwhile, the smallholders are worried that such prosperity will not last long. Although the price of oil palm reached USD 1906.81 per MT for the first time on 1 March, the price of fertilizers and pesticides has soared, coupled with the lack of workers. The price of fertilizer has continued to soar, showing a doubling rate compared year on year, uncertainty in oil palm price raise many concerns among the industry players.
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