CPO Market in 2018, GAR Predicted to Increase

CPO Market in 2018, GAR Predicted to Increase

InfoSAWIT, JAKARTA -Managing Director Sustainability and Strategic Stakeholder Engagement, Golden Agri-Resources (GAR), Agus Purnomo could not predict the crude palm oil (CPO) demand in the next year.

But he convinced, the production would be normal and there would be increasing demands. "PT SMART Tbk and Golden Agri Resources are optimist to the next year, 2018, namely the better weather that makes the production normal and the market demands would increase,” he said, as quoted

In this year, the selling of some palm oil companies gets better. The better weather and the stable price might be the factors to support the better palm oil selling.

Based on the financial report of PT Sinar Mas Agro Resources and Technology Tbk (SMART), in the third quarter of 2017, the CPO selling of SMARTincreased 22,6% compared to the same period in the last year, orincreased from Rp 21 billionto be Rp 25,8 billion. (T2)

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