FGV eyes better year

Group chief executive officer Datuk Haris Fadzilah Hassan (pic) said crude palm oil (CPO) prices are expected to improve to between RM2,200 and RM2,400 per tonne this year due to a pick-up in demand for palm oil products, especially from India and China. Last year, CPO prices were at RM2,021 per tonne.

PETALING JAYA: FGV Holdings Bhd, which suffered bigger losses in the first three months of this year, is targeting a better financial performance in 2020 than last year despite the current challenging business environment due to the outbreak of the coronavirus (Covid-19) pandemic.

Group chief executive officer Datuk Haris Fadzilah Hassan said crude palm oil (CPO) prices are expected to improve to between RM2,200 and RM2,400 per tonne this year due to a pick-up in demand for palm oil products, especially from India and China.