PETALING JAYA: Chin Teck Plantations Bhd
expects a very tight labour situation in the financial year ending Aug 31,2021 (FY2021) given the restrictions imposed on international travellers.
Executive chairman Goh Wei Lei said some substitution of local workers for migrant labour and the mechanisation of some oil palm operations will occur but “this is not anticipated to alleviate the situation in the short term.”
On the bright side, since the end of FY2020, the average selling prices of crude palm oil (CPO) have strengthened significantly, he said in the company’s latest annual report.
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