MARKET DEVELOPMENT
TSH Resources Expects Wakuba to Boost Palm Oil Yield
TSH Resources Expects Wakuba to Boost Palm Oil Yield
14/10/2014 (The Star) - Plantation company TSH Resources is optimistic that its Wakuba ramet will be able to produce between 32 tonnes to 35 tonnes per hectare of palm oil yield in the near future.
Chairman Datuk Kelvin Tan said on the trial plot, the company was able to achieve 40 tonnes per ha using the Wakuba planting material but commercially, it could be slightly lower.
TSH currently ranks the highest in terms of crude palm oil (CPO) yield. In 2013, it achieved a CPO yield of 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and an oil extraction rate of 21%.
“With the new material we can achieve more than what we are getting now, but it’ll take another few years,” he said after TSH’s extraordinary general meeting on Monday.
Shareholders approved the company’s proposal to undertake a one-for-two bonus issue. The exercise entails the issuance of 451.9 million new shares. The enlarged share capital is expected to encourage trading liquidity in TSH shares.
Chairman Datuk Kelvin Tan said on the trial plot, the company was able to achieve 40 tonnes per ha using the Wakuba planting material but commercially, it could be slightly lower.
TSH currently ranks the highest in terms of crude palm oil (CPO) yield. In 2013, it achieved a CPO yield of 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and an oil extraction rate of 21%.
“With the new material we can achieve more than what we are getting now, but it’ll take another few years,” he said after TSH’s extraordinary general meeting on Monday.
Shareholders approved the company’s proposal to undertake a one-for-two bonus issue. The exercise entails the issuance of 451.9 million new shares. The enlarged share capital is expected to encourage trading liquidity in TSH shares.