Palm kernel average selling price of IOI Group 2015-2023
In 2023, palm kernel average selling price of IOI Group was around 2.23 thousand Malaysian ringgit per metric ton, showing a decrease in comparison to the previous year. IOI's biggest income was generated from its palm oil plantations, and it is one of the world's largest palm oil companies. Besides owning refineries in the US and the Netherlands, IOI also owns palm oil plantations in Indonesia, with Bumitama Gunajaya Agro as its associate company.