PT Astra Agro Lestari Tbk (AALI) sees palm oil sector in Indonesia still prospective for another 3 years. Indonesian government sets national crude palm oil (CPO) production target at 40 million ton in 2020. Total national CPO production in 2012 was 26.5 million ton, Astra could contribute 1.2 million ton.
Affiliated with Astra Group, the company expects to maintain contribution around 5% to national CPO production. Indonesia's largest agribusiness company by value thinks increase in palm oil price early this year will continue because of Ramadan season but not as optimistic as in 2010.
Source: Head of Public Relations Tofan Mahdi in an exclusive interview June 11, 2013.