RE: Upwards23 Sep 2019 12:35
**Palm Bay Estate
Palm Bay estate currently has 6,470 ha planted of which 5,156 ha is mature enough to be harvested for the extraction of crude palm oil ("CPO") at the palm oil mill recently commissioned in Q3 2018.
Encouragingly, the FFB harvested in the last 3 months has increased from 2,000 metric tonnes ("MT") per month to in excess of 4,000 MT per month. This improvement is a result of the training that has been provided to the harvesters as they now become more experienced and the ease to harvest during the dry season. In the next few months there may be a slight decrease in production of FFB as the wet season is now with us.
The oil extraction rate has increased from 22% to 25%, which is highly encouraging and verifies the Company's choice of the correct breeding material of oil palm to be planted in Liberia.**
- A slight decrease as per rns release would not result in a 50% decrease as suggested.
- Also its worth noting
**The Company's largest shareholder and 50:50 joint venture partner in LPD is KLK. KLK is one of the largest palm oil producers in the world and the Company will greatly benefit from their many years of expertise in oil palm development.**
Fbb can be also be bought in