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Malaysian plantation owners are finding it harder and more expensive to recruit workers as they try to repair the country's reputation after accusations of forced labour. Bans on some producers remain in effect, and the U.S. downgraded Malaysia to its labour watch list in July.
Companies have invested millions of ringgit in recruitment processes and worker housing.
Higher labour costs and recruitment constraints can limit palm oil output and raise production costs, supporting palm oil prices. Ongoing forced-labour import restrictions also add trade risk for Malaysian palm oil.
reuters.comMei Mei ChuDec 9, 2021After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
