The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices and portfolio inflows. It was last up 0.35 percent at 3.8620 per dollar on Wednesday evening for a third consecutive sessions of gains. Gains in the ringgit, palm's currency of trade, usually weigh on the tropical oil by making it more expensive for holders of foreign currencies
KUCHING: WTK Holdings Bhd
, which has seen strong growth in its oil palm plantation business, is targeting to raise fresh fruit bunches (FFB) production by about 25% this year.
This is on top of a nearly 45% hike in FFB output to 79,500 tonnes in 2017 from 55,000 tonnes in 2016. FFB production is expected to increase to 98,700 tonnes in 2018, as more mature palm hectarage comes on stream, according to WTK, the Sarawak-based traditional timber outfit.
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