KUALA LUMPUR (Reuters) – Malaysian palm oil planter FGV Holdings said on Friday it expects higher profit margins in 2025 due to better productivity from its estates and elevated palm prices in the first half of the year.
Palm prices are expected to average between 4,300 to 4,600 ringgit per ton in the first half of 2025 but are expected to fall in the second half, the group’s chief financial officer Mohd Hairul Abdul Hamidsaid said at a results briefing.
The average crude palm oil production cost per ton is expected to drop about 5%, he added.
(Reporting by Ashley Tang; Editing by Martin Petty)
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