Aug 23, 2011

Astra Agro 7M CPO sales rises 20.1%

Palm oil producer PT Astra Agro Lestari Tbk (AALI) today reports a 20.1% increase in CPO sales in the first 7 months of this year. 
Astra Agro's CPO sales volume was 688,888 tons in 7M2011 from 573,608 tons in 7M2010. Of the total CPO sales volume, approximately 95.7% or 659,340 tons were absorbed by local market, while the remaining volume of 25,548 tons by export market. 
The average CPO selling price of AALI in 7M 2011 was Rp7,868/kg, a 19.9% increase compared to the same period last year.  
Meanwhile, sales volume of kernel in this period went up by 40% to 81,159 tons with the average selling price of Rp5,818/kg from 57,991 tons.

Disclosure: No position at the stock mentioned above. 

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