Cost pressures continue to weigh on Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd's outlook remains challenging as it faces pressure on its margins amid the prospect of softer palm oil prices in 2023.

In a report, Kenanga research said the supply of edible oils are expected to improve, leading to lower palm oil prices, while unit costs remain elevated from sub-optimal output and high production costs.