KUALA LUMPUR (March 19): FGV Holdings Bhd said its plantation segment has resumed activities with a minimum number of workers, supported by the logistics and support businesses sector.
In a statement today, FGV referred to the Ministry of Plantation Industries and Commodities (MPIC)’s statement, which provided an exemption for the agricultural and commodity sectors to operate during the Movement Control Order.
“The FGV plantation sector resumed plantation activities with a minimum number of workers and complied with all government guidelines to ensure the safety and health of all workers including Felda settlers and smallholders who deliver their palm fruit to the FGV mills, [are protected].
“The logistics and support businesses sector also continues to support the activities of the plantation sector including the delivery of crude palm oil to refineries/bulking facilities and the distribution of goods,” the group said.
FGV’s sugar sector, under MSM Malaysia Holdings Bhd, will also ensure sufficient sugar production in the market, it said.
FGV’s share price fell seven sen or 8.75% to 73 sen in afternoon trade today, giving it a market capitalisation of RM2.66 billion.