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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!