Investor Presentaiton
By July 2009, the price of palm oil appeared to have stabilised
around USD 600/ton. Although this was far below the level reached
during the 'bubble', it was sufficient for normal production.
Prices for farmers' fruit in Central Kalimantan had been restored
to Rp1,000 for 10-year old fruit as early as May, to then plateau for
the following five months.
Further proof of recovery was reached when plantation clearing
was resumed in August, with the usual complaints of burning in
both West and Central Kalimantan.
Although monthly export figures remained well below those of
2008, they improved each month from June 2009.
The one commodity still lagging was rubber, with incomes
remaining low in the more remote districts and many farmers
turning in desperation to illegal mining.
Indonesia's rubber growers are directly affected by tyre sales in
the US. Prices finally began to pick up in September-October.View entire presentation