FGV to market seeds in Indonesia, Philippines

Malaysian palm oil futures hit a six-month low in evening trade on Friday and were headed for a third consecutive session of declines, weighed down by a stronger ringgit.

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has appointed exclusive agents to market its oil palm seeds in Indonesia and the Phillipines.

The deal marks the first time a Malaysian company has managed to penetrate the Indonesian market.