Impact of Global Factors on ANJ Performance: Insights from Finance Director

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Illustration of Palm oil plantation. Photo by: Sawit Fest 2021 / Innaya Zahra Chusnul Chotimah

PALMOILMAGAZINE, JAKARTA – Nopri Pitoy, the Director of Finance at PT Austindo Nusantara Jaya Tbk. (ANJ), attributed the company’s performance in 2023 and the first quarter of 2024 to various factors.

Global uncertainties stemming from extreme weather events, economic conditions, and geopolitical issues have impacted the demand and price of crude palm oil (CPO), thereby affecting ANJ’s financial performance.

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During his presentation, Nopri highlighted the significant impact of the El Nino phenomenon, which occurred from mid-to-late 2023, on the regions where ANJ operates across Indonesia. In South West Papua, excessive rainfall led to high moisture levels, resulting in various diseases, while floods occurred in North Sumatera II due to river overflow.

Also Read: ANJ’s Revenue Rose 28.6% in the First Quarter of 2024

Additionally, in Pulau Belitung and West Kalimantan, plantations experienced drought conditions caused by El Nino, leading to heat stress for pollination bugs and suboptimal fruit development. This phenomenon, known as partenokarpi, resulted in lighter fresh fruit bunches and reduced productivity.

“We are committed to maintain our production quality and reach out the targets of the company when climate changes fast. The mitigation efforts of ANJ showed the commitment to adapt with climate anomaly and make sure business sustainability by implementing regenerative agricultural system in our plantation cultivation,” Nopri said in public expose that attended, Wednesday (5/6/2024).

ANJ keeps doing the best to face any challenges and would remain focus on sustainability and innovation in its operational. The company is committed to implement the best practices in plantation cultivation to confirm business continuity and deliver additional values for every stakeholder. (T2)

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