On the back of lower CPO and PK prices as well as unresolved labour issues.
executive chairman Goh Wei Lei said average selling prices of CPO have been declining steeply.
“The group currently maintains a strong war chest with a total cash level of RM395mil with a debt free structure,” it said. chairman R.M. Alias believes the coming year will be a challenging one for the company’s cash flow. “CPO prices have softened since June 2022 to around RM4,000 per tonne, while the segment is facing the challenges of labour shortage and increased costs of fuel, fertilisers and agrochemicals.
“Inventory levels are thus expected to stay range-bound for much of 2023. Therefore, palm oil prices should stay relatively firm, and we maintain our 2023 and 2024 CPO price forecast at RM3,800 to RM3,500 per tonne.” “For the last year, CPO prices managed to settle at an average daily and monthly price of RM5,131.9 per tonne and RM5,125.6 per tonne respectively.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jun Hao aims to shine at Asian meet to earn Sudirman Cup spotPETALING JAYA: National men’s singles shuttler Leong Jun Hao is a man on a mission.
Read more »
Sabah sign Telmo, first Portuguese to ply his trade in Malaysian LeaguePETALING JAYA: Sabah have set a record of sorts when they signed midfielder Telmo Castanheira.
Read more »
Dakwaan pengundi18 tidak matang, tidak benarPersatuan Undi Muda (Undi18) dalam satu kenyataan memaklumkan perkara tersebut berikutan dengan kenyataan dikeluarkan Ketua Wanita UMNO Bahagian Jerai, Datuk Norma Awang ketika berbahas dalam Perhimpunan Agung Wanita UMNO di Pusat Dagangan Dunia (WTC)…
Read more »
Exit lanes at UPM toll plaza reopen, leftmost lane still shut for maintenancePETALING JAYA: Exit lanes at the UPM toll plaza are now open to road users, except for the leftmost lane, says PLUS Malaysia Bhd (PLUS).
Read more »
Online placement system for pharmacy grad training on hold till Jan 30PETALING JAYA: The Health Ministry’s e-Pharmacist, a system that allows pharmacy graduates to apply for training placements, has been closed temporarily to rectify technical issues.
Read more »
Malaysia strongly condemns Danish leader’s provocative act in SwedenPETALING JAYA: Malaysia strongly condemns the provocative action of Rasmus Paludan, leader of Denmark's far-right Stram Kurs, for burning a copy of the Holy Quran in Stockholm, Sweden.
Read more »