Golden Agri's Q3 net profit down 80% on forex loss, tax
Increased likelihood of La Nina positive for palm oil producers, it says
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE increasing likelihood of the La Nina weather phenomenon occurring will be a blessing for palm oil producers, said Golden Agri-Resources.
The world's second largest palm oil producer also said that while it is expecting year-on-year growth in its fresh fruit brunches (FFB) production to taper off in the fourth quarter due to a high base effect last year, its overall FFB production is still expected to grow by 10-15 per cent this year, and up to 10 per cent in 2018.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
