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Companies in Brief

This article was originally published in The Public Ledger

IJM Plantations expects to see a recovery in its palm oil production from July following a 37.2% drop in the first half. For the third quarter it expects fresh fruit bunches production growth of 5% year-on-year, with Malaysia accounting for 640,000 to 650,000 tonnes and Indonesia 40,000 tonnes due to new plantings. While crude palm oil pricing will normalise after a weak period, costs in the quarter are expected to rise by about 5%.

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