FGV sees significant drop in palm oil output due to Covid-19 control order

KUALA LUMPUR: FGV Holdings Bhd, the largest crude palm oil (CPO) producer in the country, warned its palm oil output is poised to drop this year, as the movement control order (MCO) since March 18 limit the strength of its plantation workforce.

"In terms of our crops, we are projecting a significant shortfall in production in 2020," chief executive officer Datuk Haris Fadzilah Hassan said in the group's latest annual report.