SPB’s crude palm oil production recovery on track

PETALING JAYA: The recovery of Sarawak Plantation Bhd’s (SPB) crude palm oil (CPO) production is on track, backed by expected fresh fruit bunch (FFB) yield improvement, growing matured area and higher replanting activities for financial year 2024 (FY24), says Apex Securities Bhd.

According to the research house, SPB is said to have an optimistic FFB yield target of 18 tonnes per ha for FY24, slightly higher than last year’s yield of 16.85 tonnes per ha, owing to improved oil palm tree age.