Genting Plantations’ outlook hinges on palm prices and FFB production


KUALA LUMPUR: Genting Plantations Bhd said its outlook for the rest of the year will hinge on the performance of its core plantation segment, which depends largely on palm product prices and the group’s fresh fruit bunch (FFB) production.

“The group anticipates palm products prices to remain firm in the near term, supported by tight palm oil supply and resilient biodiesel demand, underpinned by ongoing biodiesel mandates and policies in key markets.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

FBM KLCI steady amid Middle East tensions
Ringgit ends higher on de-escalation of war optimism
Ong Chou Wen becomes NCT Alliance CEO
Prabowo sets 100GW solar power target�
IJM wins RM658mil hyperscale data centre contract
US job openings decline in February as hiring slows
SME Bank’s financing approvals up 19%
Gas and coal supplies stable despite rising costs
Salcon wins RM80mil water contract
Unilever to merge food arm with McCormick�

Others Also Read