Boustead Plantations expects challenging FY23 performance

KUALA LUMPUR: Boustead Plantations Bhd’s (BPlant) profitability in the current year is contingent upon the trends in crude palm oil (CPO) prices and the performance of crop production.

“Output is expected to rise through the third quarter on the back of seasonal trend and easing labour shortages. Palm prices will likely remain stable in the short term on positive sentiments following the crude oil price increase and uncertainties surrounding soft oil production,” the planter said in a filing with Bursa Malaysia.