New Britain Palm Oil Limited (NBPO.L), a Papua New Guinea-based producer of palm oil, posted sales of $147 million for the first quarter, while its profit before tax totaled $4.8 million.
Nick Thompson, Chief Executive, said in a statement, "In the first quarter of 2013 the Group processed 561,063 tonnes of Fresh Fruit Bunches ("FFB"), some 6.1% lower than the same period last year, including 155,906 tonnes from smallholders. Crude Palm Oil ("CPO") extraction rates during the period averaged 21.70%, as compared to the corresponding period in 2012 of 22.36%."
He added, "As a result of lower FFB production and lower extraction rates, 121,758 tonnes of CPO was produced, some 8.9% lower than the same period last year. Palm Kernel Oil ("PKO") production was 11,895 tonnes, some 29.9% higher than the same period last year reflecting the Group's increased palm kernel crushing capacity."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.