Genting Plantations expects higher FFB output harvest

Genting Plantations also said, in the near term, palm product prices are expected to be supported by the supply tightness of palm oil and other substitute oils and fats, as well as Indonesia’s recent export ruling.

KUALA LUMPUR: Genting Plantations Bhd expects a better fresh fruit bunch (FFB) harvest this year driven by additional harvesting areas and the progression of existing mature areas into higher yielding brackets in Indonesia.

“Nevertheless, the upside may be constrained by adverse weather conditions coupled with the ongoing replanting activities in Malaysia,” said the group in a statement.