# Malaysian palm oil producers step up perks to retain foreign workers amid pandemic

> Malaysian palm oil producers are raising pay and perks to retain foreign workers during the pandemic. Labour shortages threaten to reduce Malaysia's palm oil output and exports. Global palm oil demand is forecast to fall about 3% in the current crop year.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: logistics · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52733-malaysian-palm-oil-producers-step-up-perks-to-retain-foreign-workers-amid
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A labour shortage could curb Malaysian palm output and exports, tightening supply and supporting prices. Lower global demand partly offsets this.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-04-29 | [Malaysia's FGV expects 2020 crude palm oil output to plunge due to pandemic, ETEnergyworld](https://feedsoft.ai/events/53744-malaysia-s-fgv-expects-2020-crude-palm-oil-output-to-plunge-due-to-pandemic.md) | -9.2% | -3.5% |
| PALMOIL | 2017-04-07 | [Malaysia palm planters face labor shortage as Indonesia workers stay away](https://feedsoft.ai/events/71605-malaysia-palm-planters-face-labor-shortage-as-indonesia-workers-stay-away.md) | -3.7% | -2.7% |
| PALMOIL | 2018-06-28 | [Extended Eid break disrupts Malaysian, Indonesian palm oil harvest, mills \| Malay Mail](https://feedsoft.ai/events/64629-extended-eid-break-disrupts-malaysian-indonesian-palm-oil-harvest-mills-malay.md) | -3.0% | -6.0% |
| PALMOIL | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +9.1% | +9.7% |
| PALMOIL | 2022-06-06 | [Malaysia palm group warns of losses ahead from 'severe' labour crunch](https://feedsoft.ai/events/15818-malaysia-palm-group-warns-of-losses-ahead-from-severe-labour-crunch.md) | -6.0% | -34.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/malaysian-palm-oil-producers-step-up-perks-to-retain-foreign-workers-amid-pandem-idUSKBN23V0WK/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.