CPO average selling price of IOI Group 2015-2023
In 2023, crude palm oil (CPO) average selling price of IOI Group was around 4,120 Malaysian ringgit per metric ton. IOI's biggest income was generated from the 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.