Jul 8, 2011

BW Plantation 1H FFB raises 53%

Palm oil producer PT BW Plantation Tbk (BWPT), that is owned by Widodo family, last night reported a 53% increase in production volume of fresh fruit bunch (FFB) in the first half of this year to 242,851 tons.
The FFB production increased from 161,600 tons FFB in the first half of last year. In line with a steep growth, palm oil production rose 54.4% from 59,683 tons.
According to BW Plantation, the steep increase was underpinned by two factors, additional of mature area and conducive whether in the first half of 2011.
Corporate Secretary Kelik Irwantono said the mature area is currently 19,663 hectares. BWPT's planted area reached 52,060 hectares by end of last year. The company expects to boost 10%-15% in production this year.

Disclosure: No position at the stock mentioned above.  

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