Deep-dive 2021-10: United Plantations

United Plantations (UPL MK) is one of the best-managed oil palm plantation companies in the world.

With most of its estates in the Malaysian state of Perak, United Plantations has production yields per tonne far above its Malaysian peers. And thanks to vertical integration, it has become a low-cost producer with cost per tonne at the lower end of the in…

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