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Total fresh fruit bunch (“FFB”) production in FYE2020 declined marginally by 0.3%
y-o-y to 198,334 MT from last year’s 198,910 MT. Average yield fell to 15.82 MT
per mature hectare (FYE2019: 19.33 MT) ) on the back of the higher percentage of
new areas attaining maturity in our Malaysian estates. 41.5% (FYE2019: 29.3%) of
the Group’s total matured areas are now made up of palms with an age profile of
between 4-9 years. Low crop production patterns in PTNJL had also contributed
to the decline in the Group’s average yields. Purchase of third-party crops also
reduced to 40,237 MT from 49,902 MT.
CPO production declined by 14.7% y-o-y to 40,934 MT (FYE2019: 47,966 MT) while
CPKO production declined significantly by 76.7% to 1,035 MT from the 4,434 MT
produced last year. In line with the decline in FFB production and lower third-party
crop purchased, PTNJL could not produce nor effect any CPKO sales in the first
three quarters of FYE2020 due to issues related to the plant’s operating license.
The average CPO and CPKO price recorded last year improved to RM2,073
(FYE2019: RM1,921 per MT) and RM3,242 (FYE2019: RM3,015) per MT, respectively.
The Group’s average oil extraction (“OER”) was 21.68% compared to 22.34%
registered in the last financial year.
Fruits transported to mills within 24 hours
Plantations Fresh Fruit Bunches (“FFB”) are harvested
Plantation Division : Taking Root
Our Value Chain
Annual Report 2020
kumpulan Fima Berhad
(197201000167)(11817-V)
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