First Resources sees CPO output rising 10%

Singapore-listed First Resources, which has oil palm plantations in Indonesia, sees its crude palm oil output rising by 10% this year as a larger number of trees become more productive, its chief executive told Reuters on Wednesday.   

First Resources, which has market capitalisation of US$2.2 billion ($2.7 billion), produced 452,113 tonnes of crude palm oil (CPO) in 2011, a 20% rise from a year earlier.