Malaysian Palm Oil Council Russia's Post

Palm oil producers see red despite record output
Profits have fallen an average of 79% across the board even as output rises to record high.

Yet, net profits for the big producers were down 78.9% across the board compared with Q1 2022 when production was just a breath lower at 3.8 million tonnes.

Oil palm is a seasonal crop and production usually peaks in the third quarter of the year and bottoms out in the first quarter. Hence comparisons are made quarter-on-quarter (q-o-q).

The big losers were Boustead Plantations Bhd, FGV Holdings Bhd and Sime Darby Plantation Bhd.
By: via Malaysian Palm Oil Council Russia