SD Guthrie group managing director Mohamad Helmy Othman Basha
KUALA LUMPUR: SD Guthrie Bhd
, formerly known as Sime Darby Plantation Bhd, said it expects the price of crude palm oil (CPO) to remain supported due to continued geopolitical tensions and the anticipated effects of extreme weather events in producing countries.
In its own operations, the group also expects continued growth in fresh fruit bunch (FFB) production in 2024 following efforts to rehabilitate its Malaysian upstream operations and accelerate its mechanisation and automation.
