Del Monte forms plantation task force

DEL Monte Pacific Ltd. (DMPL) has created a Plantation Rehabilitation Task Force to reset current standard operating procedures and support systems.

"A task force has been formed to restore gross margins both in the US and the rest of DMPL from the second half of 2025, as the group will still be carrying over high inflationary costs from [fiscal year (FY) 2024] in the first half of FY [2025], particularly in the US," DMPL Executive Chairman Rolando Gapud and Managing Director and Chief Executive Officer Joselito Campos Jr. said in a joint statement in its FY2024 annual report.