Golden Agri rides on demand spike, stronger prices for palm oil

Company also using technology to increase productivity and cost efficiencies, as well as to enhance profit margins

Uma Devi

Published Tue, Jun 15, 2021 · 05:50 AM

Singapore

PALM oil plantation owner Golden Agri-Resources is expecting crude palm oil (CPO) prices to remain strong for the rest of the year, as dry weather conditions keep supply tight and the post-pandemic recovery in economic activity supports demand.

Richard Fung, director of investor relations at Golden Agri, told The Business Times that with the easing of lockdowns globally, the demand for palm oil has "quickly recovered" as the commodity is used as an essential ingredient in food staples.

However, the effect of this recovery has been uneven across…