FGV expects to double palm oil exports to China


Top management: (from left) Amri, Zakaria and MSM chief financial officer Aznur Kama Azmir at the briefing.

 KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) expects its palm oil exports to China to double to 600,000 tonnes annually after its recent deal with China-based Sinograin Oils Corp.

FGV group president and chief executive officer Datuk Zakaria Arshad said the deal is worth several hundred million ringgit and “we hope to see its impact on FGV’s bottom line immediately.”

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , MSM Holdings Bhd , FGV , Zakaria , China , Sinograin , stocks , shares , palm oil , cpo ,

   

Next In Business News

Maxis ready to build another 5G network, fully supports govt 5G delivery model
Iconic Worldwide raises RM95.6mil in oversubscribed rights issue
Merdeka 118 tower receives LEED Platinum certification
Hextar Capital to diversify into construction and project management services
Genting Plantations expects demand for palm products to advance in 2024
FBM KLCI up despite market weakness, Middle East tension
Surging dollar pressures Asian FX; S.Korean won leads losses
China set to keep lending benchmark LPRs unchanged in April
Gold rises as safe-haven appeal boosted by Israel's attack on Iran
MKH Oil Palm IPO oversubscribed by 8.4 times

Others Also Read