On the rise: Workers harvest oil palm fruits at a plantation in Selangor. Malaysia’s CPO output likely increased 2.9% month-on-month to 1.45 million tonnes in April 2022, says CGS-CIMB Research.
PETALING JAYA: Malaysian plantation companies are expected to enjoy higher year-on-year (y-o-y) earnings in the first quarter of 2022 (1Q22), on the back of higher crude palm oil (CPO) prices, says CGS-CIMB Research.
It said the average CPO price had increased 55%, while CPO output grew 4%.
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