Feb 16, 2011

Astra Agro Jan. FFB output rises 10.9%

Palm oil producer PT Astra Agro Lestari Tbk (AALI) produced 333,582 tons of fresh fruit bunch (FFB) in January 2011, a 10.9% from 300,724 tons a year earlier.
In an investor bulletin submitted to Indonesia Stock Exchange (IDX) today, 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.
World CPO consumption last year reached 46.2 million tons or 0.7 million tons higher than its production.
Global major vegetable oil was 121.7 million tons, a 4.9% increase compared to the previous year. Consumption shrank to 121.4 million tons or 0.3 million tons lower than its production.

Disclosure: No position at the stock mentioned above.
 
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