PETALING JAYA: FGV Holdings Bhd, which suffered bigger losses in the first three months of this year, is targeting a better financial performance in 2020 than last year despite the current challenging business environment due to the outbreak of the coronavirus (Covid-19) pandemic.
Group chief executive officer Datuk Haris Fadzilah Hassan (pic) said crude palm oil (CPO) prices are expected to improve to between RM2,200 and RM2,400 per tonne this year due to a pick-up in demand for palm oil products, especially from India and China.
Last year, CPO prices were at RM2,021 per tonne.
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