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.

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!

FGV , CPO , palm oil

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read