Latest news with #FreshFruitBunches
Borneo Post
27-05-2025
- Business
- Borneo Post
Sarawak records 8.6 pct rise in palm oil FFB production this year
Dr Rundi holds up the text of his ministerial winding-up speech. – Photo by Roystein Emmor KUCHING (May 27): Sarawak has produced 4.85 million tonnes of oil palm's Fresh Fruit Bunches (FFB), marking an 8.6 per cent increase compared to 4.47 million tonnes in the same period last year, said Dato Sri Dr Stephen Rundi Utom. The Food Industry, Commodity and Regional Development Minister added that Crude Palm Oil (CPO) production also rose by 3.7 per cent to 0.91 million tonnes. 'However, the production of Crude Palm Kernel Oil (CPKO) has recorded a 7.8 per cent decrease, from 86,530 metric tonnes to 79,762 metric tonnes,' he said during his ministerial winding-up speech at the State Legislative Assembly (DUN) sitting yesterday. Dr Rundi highlighted that Sarawak's average FFB yield increased to 3.32 metric tonnes per hectare in the first quarter of 2025, compared to 3.08 metric tonnes in 2024. He revealed that the Oil Extraction Rate (OER) from January to March 2025 recorded a declining trend, achieving 18.9 per cent, which is lower compared to 19.7 per cent during the same period in 2024. 'Similarly, the OER for CPKO declined from 45.8 per cent to 44.5 per cent during this period. 'The decline was primarily due to the adverse impact of heavy rain, flooding, and ongoing replanting programme,' he added. Dr Stephen Rundi Utom DUN sitting fresh fruit bunches oil palm
Barnama
16-05-2025
- Business
- Barnama
KPF Unveils Investment Asset Rationalisation Plan To Strengthen Its Position
KUALA LUMPUR, May 16 (Bernama) -- Koperasi Permodalan FELDA Malaysia Berhad (KPF) today unveiled its Investment Asset Rationalisation Plan to further strengthen its position as a resilient and credible cooperative institution. KPF chairman Datuk Mohd Banuri Aris said the plan, anchored on three key strategies, aims to ensure the institution remains sustainable and fulfils its commitments to members, while also restoring their confidence. 'The first strategy involves the sale of selected plantation assets, which is expected to be completed by the fourth quarter of 2025. Second is the disposal of properties that do not generate sustainable returns, and third is the restructuring of equity holdings in associate companies. 'These measures are not only intended to regenerate cash flow, but also to pave the way for a more sustainable and competitive business model in the long term,' he told a press conference today. Mohd Banuri said that despite facing high demand for share withdrawals, having received 29,159 applications worth RM691.58 million from 2022 until April this year, KPF remains committed to fulfilling its obligations to members. He added that 18,783 applications worth RM319.44 million have been processed and paid, while the remaining 10,376 applications valued at RM372 million will be fulfilled in phases. 'Withdrawals are paid in stages using a rotation system. Priority is given to applications involving critical needs such as haj, umrah, medical treatment, education, legal cases, and other urgent situations carefully evaluated by the board,' he said. He also expressed appreciation to FELDA and its chairman, Datuk Seri Ahmad Shabery Cheek, for their trust and cooperation, including KPF's appointment as the sole agent for the purchase of Fresh Fruit Bunches and management of Palm Collection Centres across all FELDA schemes. Mohd Banuri said KPF has maintained stable financial performance without recording losses since its establishment in 1980, a testament to its sound management and economic foundation.
