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C
ommodity markets were
plagued by challenging
conditions in the year under
review. In 2018, the prices of oil
palm products were traded lower
globally. CPO price was lower by
19.3%, averaging RM2,239.00 per
metric tonne (“MT”) compared
to RM2,795.00 per MT in 2017.
Depreciating currencies of key
importing countries such as India
and China further limited their
purchasing power on palm oil. As
a result of the weaker demand
and stronger CPO production in
Indonesia, the Malaysian palm oil
stocks hit a record high by the
end of 2018 thereby adversely
impacting prices.
The trade dispute between China
and the US, which intensified in
July 2018 with China imposing
a tax on US exports including
soybeans also contributed to
the volatility of commodity
prices and heavily influenced
the direction of CPO prices
during the year.
Average Cpo Price Realised
(RM/MT)
Group FFB
Harvested
(MT)
198,910
FYE2018
FYE2019
198,644
2,342
FYE2018
2,625
FYE2017
2,064
FYE2016
2,207
FYE2015
FYE2019
1,921
Plantation Division:
5-Years Revenue & PBT
Performance
(RM Million)
Revenue
PBT
118.34
32.81
FYE2019
153.65
31.67
FYE2018
146.87
-5.96
FYE2017
112.63
14.78
FYE2016
115.69
24.73
FYE2015
-23.0%
+3.6%
performance
review
43