Astra Agro's CPO sales up 7.2%

Astra Agro's CPO sales up 7.2%

JAKARTA: Indonesian plantation company PT Astra Agro Lestari said Wednesday its crude palm oil sales in the first nine months of the year rose 7.2 percent from the year-earlier period to 330,730 metric tons.

The company didn't provide a reason for the increase in sales.

On average, CPO prices during the nine months were 41 percent higher at 2,992 rupiah a kilogram, compared with the same period last year, Astra Agro said in a statement sent to the Jakarta Stock Exchange.

The company said the average CPO price reached Rp 3,259/kg in September, the highest price recorded during the last 45 months, mainly due to higher prices in the export market.

Astra Agro is a unit of PT Astra International Indonesia. -- Dow Jones