07 Nov 2016
AALI's Director of Finance Rudy Chen said, currently AALI exports processed products produced from refineries, among others, are olein oil, stearin, and palm fatty acid distillate (PFAD).
"Demand next year is supposed to still be quite strong, because we prioritize food. The population continues to increase in every country. So we just follow developments," Rudy said in Bogor, West Java, Friday (11/4/2016).
Rudy explained, one AALI refinery in West Sulawesi has a production capacity of 2,000 tons per day. Meanwhile, one refinery in partnership with Kuala Lumpur Kepong Berhad (KLK) in Dumai, provides an additional 1,000 tons per day for AALI.
Thus, Rudy said, the total refinery capacity is currently 3,000 tons per day. AALI's export destinations include China, India, the Philippines, and South Korea.
In the same occasion, Investor Relations Manager at PT Astra International Tbk (ASII) Tira Ardianti conveyed, currently, the most dominant global demand comes from China and India.
"So, if something happens to China, China's economy slows, demand for CPO from Indonesia will certainly fall," Tira said.
Other than being affected by economic conditions, China's demand is also affected by the variation of choices of competing palm oil products, such as soybean oil. Especially if these competing products are sold at lower prices.
"If the (palm oil) substitution is abundant and cheaper, then people look for the cheaper one. The impact is, prices are also difficult to increase," Tira concluded.
AALI's third-quarter income fell 7.4 percent compared to the same period last year, even though there was a 5.1 percent increase in CPO price for nine months.
The drop in income was caused by a CPO production that fell 18.5 percent per September (YoY).
However, because there was a currency gain from the appreciation of Rupiah, AALI's net income skyrocketed 689.9 percent to Rp 1.14 trillion per September 2016.
| Author | : Estu Suryowati |
| Editor | : Bambang Priyo Jatmiko |
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