Jan 11, 2011

Astra Agro 10 FFB output drops 1.4%

Indonesia's largest listed palm oil producer PT Astra Agro Lestari Tbk (AALI) today reports a 1.4% decrease in fresh fruit bunch (FFB) production to 4.24 million tons at end of last year from 4.29 million tons in 2009.
FFB production yield dropped 7.1% to 20.27 ton per hectare in 2010 from 21.81 ton per hectare. In an official statement filed to Indonesia Stock Exchange (IDX), FFB processed rose 3.7% to 4.85 million tons in 2010 from 4.68 million tons in 2009. 
However, CPO production rose 2.8% to 1.11 million tons in 2010 from 1.08 million tons in 2009.
This achievement was n line with Astra Agro's higher FFB processed. Kernel output also increased 3.1% to 239,385 tons in 2010 from 232,243 tons in 2009.

Disclosure: No position at the stock mentioned above.  

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