Rainfall in Sabah affects IOI Corp’s fresh fruit bunch production

Kenanga Research said IOI Corp had indicated it should enjoy CPO prices of “more than RM4,200 per tonne for the next three months”.

PETALING JAYA: IOI Corp Bhd has slashed its fresh fruit bunch (FFB) growth guidance for the financial year ending June 30, 2025 (FY25) to just 1% to 2%, following heavy rainfall at its Sabah plantations.

The group had expected a growth of 5%.