May 19, 2011

Astra Agro 4M CPO sales volume up 21%

PT Astra Agro Lestari Tbk, Indonesia’s largest listed plantation company, booked a 21% sales volume jump to 365,186 tons at end of April this year, driven by the increase of its crude palm oil output from 301,882 tons a year earlier.
Almost all of the production or 352,080 tons was sold by the local market, an investor bulletin published today said. 
Astra Agro’s kernel sales volume rose 53.3% to 46,200 tons from 29,740 tons, while palm kernel oil sales volume increased 61.1% to 14,504 tons from 9,004 tons.
AALI’s CPO was traded at Rp8,116 per kilogram, increasing 23.7% from Rp 6,560 per kilogram in the same period last year.
The crude palm oil production from January-April 2011 reached 377,239 tons, inched-up by 27.5% from 295,932 tons in the same period last year.

Disclosure: No position at the stock mentioned above.

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