Astra Agro CPO sales soar by 6.7%

Astra Agro CPO sales soar by 6.7%

JAKARTA: Indonesia's crude palm oil (CPO) producer PT Astra Agro Lestari said Tuesday its crude palm oil sales volume in 2002 rose 6.7 percent from a year earlier to 465,152 metric tons.

The average price it obtained for its CPO sales increased more than 40 percent last year, to Rp 3,077 (34 U.S. cent) per kilogram from Rp 2,192/kg in 2001, it said in a statement.

Astra Agro increased its CPO exports last year, with exports accounting for 10.8 percent of sales compared with 1.9 percent in 2001, it added.

Astra Agro is the plantation unit of PT Astra International. -- Dow Jones