SIBU-BASED plantation and timber group Ta Ann Holdings Bhd
is one of the big plantation casualties from Wilmar International Ltd’s decision to stop buying crude palm oil (CPO) from Sarawak starting from the end of December next year.
Ta Ann, which has been selling 100% of its CPO produced from its palm oil mills to Wilmar’s refinery, Bintulu Edible Oils Sdn Bhd for many years, is obviously perceived by many market observers to be badly affected by Wilmar’s new CPO-sourcing policy.
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