KUALA LUMPUR: Felda Global Ventures Sdn Bhd's (FGV) current business model, which is heavily dependent on crude palm oil (CPO) prices, is not sustainable, said president and chief executive Datuk Sabri Ahmad.
“Heavy reliance on one segment exposes the company to violent fluctuations in commodity prices,” he said, although the current CPO price of over RM3,000 a tonne was giving good returns to plantation companies.
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