Golden Agri eyes continued downstream diversification

Singapore

A FALL in crude palm oil (CPO) prices in the first half of this year could make 2020 challenging for the Singapore-listed palm oil counters, but Golden Agri-Resources (GAR) appears to be having a particularly tough time. The company, already loss-making, has a higher cost base and a more mature plantation profile than some of its peers. But management plans to make up for these various pressures by growing its downstream operations.

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