Astra Agro CPO Sales Volume Down 13.9% as of March

Friday, 27 April 2007 18:06:29
StockWatch (Jakarta) - PT Astra Agro Lestari Tbk (AALI) booked CPO sales volume of 192,507 tones during the period of January-March 2007, down by 13.9% from 223.711 tones in the same period of 2006, corporate secretary Juliani Eliza Syaftari said.

Syaftari said in a report to the Surabaya Stock Exchange (SSX that approximately 24.9% of the total sales volume or about 47,932 tones consisted of volume for export.

It means that the export volume was down by 40.5% versus 80,551 tones in the same period last year, while this year the company has planned to export 30-40% of the total CPO production.

Meanwhile, the average selling price of the company's CPO during that period was IDR4,591 per kg (net), rising by 37.5% versus the same period of 2006, due to increase in CPO and soybean oil prices in the global markets.

CPO price climbed up in the global markets during that period by 39.7% at US$609 per ton, while global soybean oil price stepped up 32.7% at US$710 per tone. (abr/bud)