Malaysia farms face $3 billion hit from palm oil worker shortage

Asia Pacific Jun 5, 2020

Malaysia farms face $3 billion hit from palm oil worker shortage

The coronavirus pandemic has left Malaysia’s palm oil industry without enough workers, a shortage that could cost farmers as much as 25 percent of their annual production — a loss worth about $2.8 billion. Malaysia’s economy relies on palm oil, its most important agricultural commodity, ...

Machine lubricants leave bad taste for palm oil producers and buyers

Business Feb 20, 2020

Machine lubricants leave bad taste for palm oil producers and buyers

The palm oil industry, long accused of large-scale deforestation, is bracing for another hit to its business: machinery lubricants seeping into the world's most consumed edible oil during processing. European food companies, including Nestle, have in recent months asked top palm oil producers in Indonesia ...

Burning issue: Indonesia fires put palm oil under scrutiny

Business Oct 4, 2019

Burning issue: Indonesia fires put palm oil under scrutiny

A brutal Indonesian forest fire season that left Southeast Asia choking in smog has renewed scrutiny of major palm oil and paper companies, with activists accusing them of breaking promises to halt logging. The monster blazes sent a pall of acrid smoke over the region ...

Can 'Big Brother' technology clean up palm oil's image?

Business Feb 14, 2019

Can 'Big Brother' technology clean up palm oil's image?

Some of the world's major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. They say the monitoring systems allow them to target people felling trees in ...