Jul 22, 2010

Astra Agro 1H CPO sales drops 3.3%

CPO sales of PT Astra Agro Lestari Tbk from January to June 2010 reached 477,639 tons, a 3.3% drop compared to the same period last year of 494,018 tons. 
In investor bulletin published by Astra Agro Lestari, Kernel sales volume also fell 16.5% to 57,991 tons since some of it processed to produce PKO. 
On the other hand the average selling prices of CPO improved 3.2% to Rp6,590 per kg from Rp6,386 per kg at the same period last year. 
Kernel and its derivatives (PKO & PKE) average selling prices also increased by 32.8%, 27.5%, and 7.9% respectively. From the total CPO sales volume, around 91.7% absorbed by local market and the rest exported.

Disclosure: No position at the stock mentioned above.

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