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Post adjusted the Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down by 8,000 tons to 18.7 million tons. COVID-19 has caused acute labor shortages as the Government of Malaysia (GOM) halted the intake of new foreign workers indefinitely, while allowing foreign workers with expired work permits to return home, thus exaggerating the labor issues.
Implementation of the 10 percent biodiesel blend (B10) planned for July 1, 2016 has been postponed to the end of the year, but, realistically, Post believes it will likely be implemented in...