United Plantations navigates challenges amidst global uncertainties

KUALA LUMPUR: United Plantations Bhd is mindful of the challenges which the second half of 2023 will bring, especially amidst the uncertainties of high inflation and recession fears coupled with the ongoing Russia-Ukraine war and its continued impact on global supply chains.

“Whilst costs of energy, fertilisers, chemicals, building materials and spare parts have come down from earlier highs, they are still above levels experienced a few years ago, resulting in our cost base increasing to its highest levels ever,” the plantation group said in the notes accompanying its financial results.