Felda still leads Malaysian palm oil

KUALA LUMPUR: Felda Global Ventures Holdings Bhd remains the Malaysian palm oil sector leader while IOI Corp Bhd exhibits a stronger business profile, owing to its highly efficient upstream operations and integrated business model, Moody’s Investors Service said.

“We expect Felda will maintain its production leadership position as Sime Darby’s - Malaysia’s second-largest producer - efforts to increase its crude palm oil (CPO) production through improving harvesting yield and productivity will likely be realised after 12 months,” Moody’s vice-president and senior analyst Jacintha Poh said. Felda’s annual CPO production was more than three million tonnes over its last three fiscal years, a lead of more than 500,000 tonnes over Sime Darby Bhd and more than four times the outputs of IOI and Genting Plantations.