Oct 6, 2011

Astra Agro 9M CPO output rises 19.8%

During January – September 2011, palm oil producer PT Astra Agro Lestari Tbk (AALI) produced 930,827 tons CPO, an increase of 19.8% compared to the same period last year, totaling 777,210 tons. 
In an announcement filed to Indonesia Stock Exchange, the rise in CPO production during this period was mainly supported by an increase in fresh fruit bunch (FFB) production of 13.5%, from 3.02 million tons last year to 3.43 million tons.  As the biggest contributor, Sumatra region produced 1.45 million tons FFB or approximately 42.3% of the total FFB production.  Meanwhile, contribution of Kalimantan and Sulawesi region in the first nine months of  were 37.8% and 19.9% respectively. 

Disclosure: No position at the stock mentioned above.

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