Nov 21, 2011

Astra Agro 10M CPO sales up 13.7%

Palm oil producer PT Astra Agro Lestari Tbk (AALI) reported a 13.7% increase in CPO sales volume during the first ten months of 2011 (10M 2011).
In a company bulletin published today, Astra Agro posted 1.01 million tons of CPO sales from 889.996 tons in 10M 2010. 
This growth was primarily driven by the increasing of Astra Agro's CPO production during January – October 2011. 
Moreover, the average price of AALI’s CPO until October 2011 increased by 13.6% from Rp6,765/kg (net) in the same period last year to Rp7,688 /kg, while the average selling price of kernel and PKO increased by 23.4% and 43.6%, respectively. 

Disclosure: No position at the stock mentioned above.

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