PETALING JAYA: United Malacca Bhd
(UMB) is aiming for higher fresh fruit bunch (FFB) for the financial year 2023 (FY23), supported by better yields, palm tree age profile and an increase in mature area in its oil palm estates in Kalimantan, Indonesia.
The upstream planter also expects an increase in operating costs resulting from higher material and labour costs, said TA Research in its latest report.
The research house noted that the group’s main priority will remain on improving the FFB yields in order to enhance its cost efficiency.
UMB will also adopt more mechanisation to mitigate the impact of a shortage of workers, added TA Research.
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