Better days for oil palm investors

MALAYSIAN plantation companies with interests in oil palm plantations in Indonesia will be in a better position to reap good profits from their long-term investments for financial year 2003-2004, thanks to rising crude palm oil (CPO) prices and anticipation of higher oil extraction rate from matured palm hectarage. 

One plantation analyst said “early bird'' companies which started venturing during the 1994 and 1995 period could actually start realising the fruits of their foray especially those having matured palm trees aged eight years and above, and particularly those situated in the Kalimantan and Sumatra region.