The Black Palm Oil Campaign Does Not Affect the Performance of Astra Agro Lestari
By : Hariyanto And Aldo Bella Putra | Tuesday, November 14 2017 - 21:30 IWST
PT Astra Agro Lestari Tbk
INDUSTRY.co.id - Jakarta - Demand for Indonesian palm oil continues to grow despite being hit by a black campaign for domestic palm oil.
"Palm oil does not depend on revenues, vegetable oils an unavoidable requirement," said Chairman of the Indonesian Vegetable Oil Industry Association (GIMNI), Sahat Sinaga, to the press in Jakarta on Tuesday (14/11/2017).
The growth of crude palm oil (CPO) demand every year reaches 3%. Many negative campaigns from Europe and America, but other countries still need palm oil.
"The domestic market continues to grow, and now Indonesia uses 20% of biodiesel and does not have to worry about negative campaigns," Sahat said.
CPO industry revenue continued to rise until the third quarter. Black campaigns from different export destinations do not make sales sluggish.
PT Astra Agro Lestari Tbk is one of the palm oil plantation companies whose sales increased until the third quarter.
The planned productivity improvement program is well recognized. It is said to increase production by the end of the year. Sales of AALI-coded issuers are also not affected by global issues because the AALI sales market is in the country.
AALI's net income as of the third quarter of this year rose compared to last year. Meanwhile, AALI's net income for the period of January to September 2017 is Rp 12.49 trillion. Meanwhile, in the same period last year, AALI posted revenues of Rp9.58 trillion.