PalmOilMagazine, JAKARTA – Though it is still in Covid-19 pandemic, palm oil plantations nationally still maintain their operation by doing many strategies, such as, PT. Cisadane Sawit Raya Tbk (CSRA) which recently joined the exchange.
Director of PT Cisadane Sawit Raya Tbk., Seman Sanjaya said that palm oil industries still show the good work for the increasing price of crude palm oil (CPO) in the world since in the midst of 2020. He thought that this would continue for the next months.
But Seman told that the better CPO price happens for the limited stocks.
He also predicted that CPO price would not be as good as it is. It could be in new balance, namely when Covid-19 vaccine starts being injected to the people whole over the world. This raises new optimism to be out of pandemic in phase.
It is hoped that CPO price would be stable at the high level. But the other products price would depend on CPO supply and demand in the world markets. It is uncontrolled.
“CSRA would take for advantage every single moment to increase the financial work,” Seman said, as quoted from Kontan.
He also mentioned that CSRA would keep maintain the work by managing cash flow for the operational or business development. These are about to face the uncertain situation. (T2)