A strong push by the Governmen t for B5 could translate into domestic palm oil stock s being reduced to below 1million tonnes as well as provide a floor price at RM2,000 per tonne.
PETALING JAYA: Kim Loong Resources Bhd
posted an 82.8% fall in net profit to RM3.15mil for the fourth quarter ended Jan 31, 2019 due to lower average crude palm oil (CPO) prices.
Revenue also fell 26.4% to RM198.52mil from RM269.81mil in the same period last year.
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