Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the increase was due to the higher palm oil price, despite the volume of export being almost the same.
PETALING JAYA: Local planters are expected to post better results in the second quarter of 2017 (Q2’17) on improved earnings following the recovery in crude palm oil (CPO) output, according to analysts.
CIMB Investment Bank Bhd said planters would likely deliver marginally higher earnings in Q2’17 on the back of an 18% rise in CPO production, which would more than offset the 13% drop quarter-on-quarter (q-o-q) in CPO prices.
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