Corporate

CPO Astra Agro Sales Volume Down by 6%

VIVAnews - Total CPO volume sales of PT Astra Argo Lestari Tbk. (AALI) in the first two months of 2009 reached 152,871 tons.

Astra Argo Investor Relations Officer Tjahyo Dwi Ariantono stated in the Investor Bulletin of second edition of March 2009 that the sale volume decreased by six percent compared to the same period in 2008 with 162,557 tons.

"The condition is also followed by the lowering of CPO's average selling price by 32.3 percent from Rp 7,672 (66.6 US cents) per kilogram to Rp 5,192 (45.1 US cents) per kilogram on the same period of last year," said Ariantono as quoted fromĀ  Investor Bulletin.

In addition, the kernel, pal kernel oil (PKO) and palm kernel expeller (PKE) selling prices decrease by 48.5 percent, 47.8 percent, and 53.6 percent respectively.

He said the contribution of domestic sales volume absorbed 87.9 percent of the CPO total sales, while around 12.1 percent was absorbed by export market.

In 2009, the world CPO production was projected at 44.9 million tons, higher by 4.4 percent than last year's 43 million tons.

During the period, the CPO main producing countries yielded 92 percent of the total production or around 41.5 million tons.

The rising potential of CPO production is caused by the prediction on land increasing by 6.5 percent from 11.26 million hectares to 11.99 million hectares.

In 2009, Indonesia is still the country with the largest CPO production worldwide. Indonesia's CPO production is estimated to reach 20.8 million tons, followed by Malaysia with 17.6 million tons.

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Translated by: Ariyantri E. Tarman

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VIVA.co.id
28 Maret 2024