HomeNewsBeritaBusinessLifestyleOpinionWorldSportsPropertyEducationCarzillaGalleryVideosAccelerator

FGV: Palm oil output to drop 17 pct this yr, hit by El Nino

-

Zakaria says crude palm oil prices are seen at 2,600 ringgit ($644.50) to 2,800 ringgit per tonne by August this year.

0
Shares
Total Views: 1

fgv-eagle-high
KUALA  LUMPUR: The chief executive of  Felda Global Ventures Berhad, the world’s third largest palm plantations operator, Zakaria Arshad said on Monday that he expected the company’s crude palm oil yields to drop by 17 percent this year.

“Lower yields are due to the El Nino effect,” the newly-appointed chief executive said at a media briefing.

Zakaria said crude palm oil prices are seen at 2,600 ringgit ($644.50) to 2,800 ringgit per tonne by August this year. They stood around 2,566 ringgit on Monday.

– Reuters

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.