PALMOILMAGAZINE, JAKARTA – In 2023, PT Triputra Agro Persada, Tbk (TAPG) experienced a 5% decrease in fresh fruit bunch (FFB) production compared to the previous year. Tjandra Karya Hermanto, Director of PT Triputra Agro Persada Tbk., attributed this decline to the drier climate, particularly in the second half of 2023.
He noted that 2023 proved to be a challenging year for the palm oil industry due to the significant impact of El Niño on production in palm oil-producing countries, rising global energy prices due to geopolitical tensions, and escalating production costs, particularly for fertilizers.
“Thanks to the full support of our shareholders and effective operational strategies, we successfully navigated the challenges of 2023, the company remained committed to enhancing plantation productivity by optimizing fertilizer usage and implementing good agricultural practices supported by technology and continuous improvement efforts to increase the oil extraction rate (OER),” ,” Tjandra Karya stated during PT TAPG’s public exposition, as reported by Palmoilmagazine.com on Thursday (2/5/2024).
Also Read:
- SPKS Advocates for the Supervision of Palm Cooking Oil DMO to Protect the Welfare of Smallholders
- European Union’s Intensified SAF Regulation:Excludes Palm Oil and Soyoil
- SPKS Calls for Support from Elected President and Vice President for Sustainable Smallholders
- Insights into April 2024: Palm Oil Price Trends and Market Dynamics
- Shifting the Narrative on Palm Oil and Deforestation: Insights from ‘Not the End of the World’
In 2023, including its subsidiaries, the company produced 3.05 million tons of FFB and 978 thousand tons of CPO with an OER of 23.3%. Additionally, the company’s kernel crushing plant (KCP) in Central Kalimantan Province, established in the second half of 2023, produced approximately 6,500 tons of palm kernel oil (PKO) by the end of the year.
Tjandra Karya continued that the company is optimist that the positive trende would always be in 2024 because the plantation ages of the company are in productive ones or at 12,5 years in average and CPO price that tends to be in the high level.
In the first quarter of 2024, FFB production from the main plantations reached 672 thousand tons or escalated 9% to the same period last year. CPO production in the first quarter 2024 reached 14 thousand tons or increased 7% to the same period last year. CPO production in 2024 could be reaching 995 thousand tons or escalating 1,7% to the 2023 production. (T2)
