{
  "id": 18090969,
  "title": "IOI Corp expects single-digit CPO growth in FY27",
  "url": "https://urgent.news/2026/11/04/ioi-corp-expects-single-digit-cpo-growth-in-fy27",
  "topic": "world",
  "section": "World",
  "published": "2026-11-04T08:19:30.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1570670/ioi-corp-expects-single-digit-cpo-growth-fy27"
  },
  "original_language": "en",
  "account": "PUTRAJAYA: IOI Corp Bhd is anticipating a modest increase in its crude palm oil (CPO) production for the financial year ending June 30, 2027 (FY27). Group CEO Datuk Lee Yeow Chor stated that the growth in production is anticipated to be within a single-digit percentage range. This growth is attributed to higher fresh fruit bunch (FFB) yields and oil extraction rates (OER). Lee also highlighted that the younger, more mature oil palm trees in IOI Corp plantations are entering a more productive phase. He reassured that Malaysia, where the majority of IOI Corp's plantations are situated, has not faced severe drought conditions despite concerns over the El Nino phenomenon. However, he noted that some areas experienced relatively dry weather for a brief period in August, but overall rainfall remained normal and healthy. The potential impact of El Nino on Indonesia, where the group's plantations account for about 12% of its total area, could take time to manifest, but eventually, it might affect production. Lee expressed confidence that IOI Corp's environmental, social, and governance (ESG) credentials will not be adversely affected by Singapore's investigation into plantation companies over transboundary haze concerns. He mentioned that Singapore authorities have clarified no company has been accused of wrongdoing and that assessors will evaluate whether plantation companies have implemented adequate fire prevention and firefighting measures.",
  "summary": "PUTRAJAYA: IOI Corp Bhd expects its crude palm oil (CPO) production to grow by a single-digit percentage in the financial year ending June 30, 2027 (FY27), supported by higher fresh fruit bunch (FFB) yields and oil extraction rates (OER).",
  "key_points": [
    "IOI Corp expects single-digit growth in CPO production for FY27",
    "Higher FFB yields and OER drive production increase",
    "Mature oil palm trees in IOI Corp plantations boost productivity"
  ],
  "editors_take": "The transition of younger oil palm trees into more productive life stages provides a buffer against potential weather disruptions and ensures steady output for the plantation group.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}