Unfortunately for FGV, the price of crude palm oil (CPO) as reported by the Malaysian Palm Oil Board (MPOB) continued its downward slide to close at RM1,977 per tonne yesterday.
FGV ‘likely to make losses’ if palm falls below RM2,000
www.kinibiz.com
Analysts predict a turn to losses for Felda Global Ventures if crude palm oil (CPO) prices continue to languish at near five-year lows.
