PETALING JAYA: It is definitely the time for oil palm planters to celebrate, given that the crude palm oil (CPO) three-month futures contract price soared to a historic high of RM3,080 per tonne yesterday – nearly quadruple their production costs.
Analysts said even the least efficient plantation companies were making good profits, needless to say the well-managed ones like IOI Corp Bhd
and KL Kepong Bhd.
