Golden Agri falls into the red in Q4 with US$29m loss

Singapore

GOLDEN Agri-Resources slipped into the red in the fourth quarter, owing to slower production, an impairment charge on an oilseeds plant in China, and higher foreign exchange losses.

The largest palm oil plantation firm in Indonesia also announced that it has achieved full traceability to the plantation level for its own palm oil mills, which represent 39 per cent of its total supply chain.