Those Continue to Expand: Golden Land Berhad
The benchmark June 2018 contracts of crude palm oil (CPO) retreated RM23 to RM2418 per ton Friday (Mar 16). That means plantation companies have to bear with low price environment for most part of the first half. Still, plantation companies continue to bet on future growth. Malaysian company Golden Land Berhad, for example, decided to proceed with its plantation expansion program in Indonesia.
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