Oct 21, 2010

Astra Agro 9M CPO sales drops 0.8%

PT Astra Agro Lestari Tbk (AALI) posted 761,919 tons CPO sales volume during January-September this year, a 0.8% decrease from 767,946 tons a year earlier.
In an investor bulletin submitted to Indonesia Stock Exchange (IDX) today, Astra Agro's CPO average selling price inched up 5.4% to Rp6,336 per kg at the end of September this year from Rp6.677/kg a year earlier.
Kernel average selling price quite sharply increased by 39% to Rp3,610/kg. World wide CPO consumption for the period of October-December 2010 is predicted to reach 12.18 million tons or 0.53 million tons lower than its production.
But in total, for the period of January-December 2010, world wide CPO consumption is predicted to reach 46.85 million tons or 0.16 million tons higher than its production which is predicted to reach 46.69 million tons.

Disclosure: No position at the stock mentioned above.

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