Higher CPO prices to give Golden Agri a lift even as H1 net loss widens to US$156.9m

Singapore

CRUDE palm oil (CPO) producer Golden-Agri Resources (GAR) is banking on a rally in palm oil prices to boost its financial performance in the second half of the year.

CPO prices are up about 40 per cent since May 4, which is a relief for the likes of GAR after the steady fall experienced in the first half of the year.

Richard Fung, director of investor relations…

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