162 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 30 BIOLOGICAL ASSETS (CONTINUED) Cash Crop (continued) The key assumptions used in the fair value calculation are as follows: 2023 Pineapple Culling rate (%) 15 to 100 Average selling price of pineapples per kilogram (RM) 2.58 Selling price of pineapple sucker (RM) 1.50 Cost of pineapple per hectare (RM) 61,128 As at 31 December 2023, certain plots of pineapple crops had been subject to a fair value loss as result of pest and diseases which affected more than 80% of the plot areas. 31 INVENTORIES Group 2023 RM’000 2022 RM’000 At cost: - Finished goods 812,153 1,017,158 - Raw materials 466,827 974,705 - Work in progress 57,460 30,182 - Chemicals 77,029 141,878 - Stores, consumables and replaceable products 71,686 57,370 At net realisable value: - Finished goods 56,134 30,236 - Raw materials 36,733 54,995 - Work in progress 29,552 43,524 - Stores, consumables and replaceable products 19,337 11,375 1,626,911 2,361,423
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