Aug 18, 2010

Astra Agro July CPO sales Rp3.76 trio

Publicly listed palm oil player PT Astra Agro Lestari Tbk (AALI) posted 573,608 tons CPO sales volume during the first 7 months this year, a 2% drop compared to the same period last year of 585,266 tons.
In an investor bulletin submitted to Indonesia Stock Exchange (IDX) today, the company reached CPO average selling price (ASP) at Rp6.56 million per ton as of July this year from a year earlier of Rp6.37 million per ton.
Considering July's ASP, Astra Agro posted Rp3.76 trillion CPO sales, a 0.80% increase from a year earlier of Rp3.73 trillion.
Kernel’s price also increased by 32% to Rp3.43 per ton, but the company's sales volume decreased by 14.6%, from 83,735 tons to 71,485 tons.
Malaysia’s CPO production in July 2010 reached 1.5 million tons or increased by 7% compared to June 2010 production, the highest increased in the period of Januari to July 2010.
The total Malaysia’s CPO production for January-July 2010 reached 9.5 million tons, increased by 0.9% compared to the same period in 2009, which was 9.4 million tons.

Disclosure: No position at the stock mentioned above.

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