Daily Archives: December 4, 2023

Astra Agro Lestari (AALI)’s CPO and FFB Production Targeted to Increase 5% in 2024

PT Astra Agro Lestari Tbk (AALI) will boost its production next year. AALI is targeting production growth, both fresh fruit bunches (FFB) and crude palm oil (CPO), of 5% in 2024. AALI Communications and Investor Relations Manager Fenny Sofyan said that palm oil crops are highly influenced by weather conditions. Meanwhile, the El Nino in…

Palm oil market to see slightly positive price trend in 2024, says MARC

KUALA LUMPUR (Nov 30): The palm oil market is expected to show a slightly positive price trend going into 2024, ranging between RM3,700 and RM4,100 per tonne, as it recovers from substantial selling pressure as witnessed in sunflower oil over the past few months. According to Malaysian Rating Corp Bhd (MARC), seasonal production trends, hotter climate…