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Publicly listed palm oil producer PT Dharma Satya Nusantara (DSN) expects its capital expenditure (capex) this year to fall short of the target by 27 percent at Rp 800 billion (US$53.6 million) due to COVID-19-induced project delays.
Malaysia's labor-reliant palm oil companies are looking to recruit recovering drug addicts and prisoners to solve a severe shortage of foreign workers that has worsened due to a coronavirus-driven border closure.
The industry association attributed the decline in production and exports in the first half of 2020 primarily to a "domino effect" from prior drought and the 2018 price crash – and not the coronavirus pandemic.
Malaysia, the world's second largest palm oil producer, will take legal action against the European Union's restrictions on palm oil-based biofuels with the World Trade Organization (WTO), calling the policy a "discriminatory action".
While companies have expressed interest, distribution, supply certainty and environmental guarantees are some of the key issues they have raised with regard to the long-term sustainability of green investments.
Tariff and nontariff barriers have continued to hinder the growth of Indonesia’s crude palm oil (CPO) exports, especially to Europe and the United States, since the 1990s when the country became a major player in the palm oil industry.
