Monday, 1 July 2013

Ta Ann banks on maturing plantations

Ta Ann Holdings Bhd expects maturing oil palm plantations, which represent 60% of its total plantation land, to help further reduce the group's cost of production this year. Group managing director and chief executive officer Datuk Wong Kuo Hea said: "We are banking on our matured oil palms to contribute to a higher production of fresh fruit bunches (FFB). We are also hopeful that our profit can be supported by a stable crude palm oil price, currently trading in the range of RM2,400 per tonne." (StarBiz)


Source: CIMB Daybreak - 01 July 2013

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