Jul 25, 2011

Astra Agro 1H CPO sales volume up 19%

PT Astra Agro Lestari Tbk (AALI), palm oil producer that is controlled by PT Astra International Tbk, posted a 18.7% increase in CPO sales volume to 566,774 tons in the first half of this year (1H 2011) from 477,639 tons. CPO's average selling price increased 21.6% to Rp8,013 per kg from Rp6,590 per kg.
The local market absorbed 94.8% of the total CPO sales volume or 537,226 tons while the rest or 29,548 tons were exported. 
Based on Oil World report, June 2011 edition, the global’s CPO production in 2010 was approximately 45.87 million tons, went up by 1.3% compared to 2009. 
The growth was mainly derived from the additional mature area, from 12.18 million hectares last year to 12.82 million hectares. 
Referring to the report, total Oil Palm mature area in 2011 will increase to 13.4 million hectares with the total
production is estimated to reach  49.19 million tons. Indonesia and Malaysia as the main World’s CPO producer respectively will produce 48.4% (23.8 million tons) and 37.2% (18.3 million tons) of the total world’s CPO production. 

Disclosure: No position at the stock mentioned above.

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