Feb 22, 2011

Astra Agro Jan. CPO sales up 4.4%

Palm oil producer PT Astra Agro Lestari Tbk (AALI), controlled by conglomerate Astra Group, posted 94,991 tons of CPO sales volume in January this year, a 4.4% rise from 90,954 tons a year earlier.
In an investor bulletin submitted to Indonesia Stock Exchange (IDX) today, local market counted 88,423 tons and 6,568 tons was coming from export market.
Kernel sales volume reached 12,640 tons, a 13.7% increase from 11,113 tons in January last year.
During this period, average selling price of CPO rose 35.7% to IDR8,695 per kilogram from IDR6,408 per kg, while kernel and PKO were traded at IDR6,136 per kg and IDR14,746 per kg respectively.
The company produced 333,582 tons of fresh fruit bunch (FFB) in January 2011, a 10.9% from 300,724 tons a year earlier.
The FFB output increase was mainly underpinned by the growth in Sumatra and Kalimantan areas of 11.8% and 27.9% respectively.
As a result, CPO production reached 92,116 tons, a 17.3% increase from 78,524 tons a year ago. Kernel output also rose 14.7% to 19,235 tons from 16,768 tons.
The largest contributor for FFB production was still Sumatra area of 44.4%, followed by Kalimantan and Sulawesi areas of 38.9% and 16.7% respectively.
BW Plantation
Middle-size palm oil producer PT BW Plantation Tbk (BWPT), controlled by Widodo family, reportdly a hefty production of both fresh fruit bunch FFB) and crude palm oil in January of this year.
BW Plantation's FFB surged 68.90% to 38,708 tons in January 2011 from 22,917 tons a year ago. In line with FFB output increase, CPO production also rose 69.01% to 8,868 tons from 5,247 tons. Palm kernel soared 64.54% to 1,471 tons from 894 tons.
However, January's FFB slightly declined 9.57% from 42,806 tons in December last year. CPO also retreated 13,39% from 10,239 tons in December last year.
 
Disclosure: No position at the stock mentioned above.
 
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