PPB Oil Palms Bhd expects to achieve a satisfactory year given the anticipated increase in its fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel production this year, which will mitigate the lower CPO price, now hovering at the RM1,400 per tonne level.
Managing director Khoo Eng Min said: “Our performance will strongly depend on the CPO price movement. The average CPO price early this year was much lower at RM1,300 per tonne compared with RM2,000 per tonne last year.”