PETALING JAYA: Hap Seng Plantations Bhd will be able to capture the current high spot prices of crude palm oil (CPO) of around RM2,800 per tonne because the company does not sell its CPO on a forward contract basis.
Hong Leong Investment Bank Research (HLIB Research) has also noted that Hap Seng Plantations is a fully certified RSPO sustainable palm oil producer that allows the group to sell its CPO for a premium of US$30-35 from the market rate.
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