PETALING JAYA: Oil palm estates in Sabah and Sarawak are experiencing new benchmark pricing despite weaker crude palm oil (CPO) prices as cash-rich plantation groups expand their domestic landbanks amid rising policy uncertainties in Indonesia.
Over the past two years, large local planters have acquired over 50,000ha in Sabah and Sarawak at record high enterprise value (EV) per ha, according to industry observers.
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