Investor Presentaiton

... And bust, 2008-9 By November 2008 the world economic crisis produced a rapid reversal. The export price of Crude Palm Oil (CPO) dropped from Rp8,210/kg (July) to Rp3,581 (Nov). • A temporary imbalance occurred in October between the export price (Rp 5,211) and those set monthly by the provinces for farmers' palm fruit (FFB) (e.g. Rp1,064/kg for fruit from 10 year old trees in West Kal), as 5 kg of fruit was needed to make 1 kg of CPO. Some estates refused to accept farmers' fruit, especially from independent growers, while those still linked to the estates (‘plasma') found that factory production levels had been halved.

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