FGV facing ‘minimal effect’ from US detention order

PETALING JAYA: FGV Holdings Bhd may lose its prospective revenue and customers from the United States market if the recent detention order by the US Customs and Border Protection (CBP) on the planter’s palm oil products is prolonged. The US market constitutes about 4%-5% of the FGV Group’s total revenue.

This is the worst-case scenario envisaged by BIMB Securities in its latest report yesterday.