Golden Agri's Q3 net profit down 80% on forex loss, tax

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.

La Nina typically brings higher rainfall…