PETALING JAYA: Local plantation companies, which have reaped bumper earnings over the past one year, will likely experience a squeeze in their profit margins from next quarter, dragged by strong hikes in production costs coupled with the anticipation of softer crude palm oil (CPO) prices in the second half of the year (2H22).
It is believed that most planters had been able to absorb the rising cost of production last year, given the high CPO prices.
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