PT. bakrie sumatera plantations tbk, subdsidiary of bakrie group made a profit report during the first quarter 2016. This company engages in oil palm released the report of Rp 148 billion profit during the first quarter of which in the previous year the same period of 2015, this bakrie subsidiary lost around Rp 88 billion.
Though its faces the challenge of unstable price trends and the drastic global climate changing, the company has to extra work hard to revitalize the plantation and production facility. The global trend of crude palm oil (CPO) indicates the low trend meanwhile the policy of $50 per ton charge for the palm oil and rubber on the account of global warming, el nino and to push the biodiesel program forces the company to adjust and yet listed the sale figures of Rp 334 billion in the first quarter.
According to the public relation officer of Bakrie company, andi w setianto, the greatest challenge of first quarter is the global low price trend of rubber and palm oil likewise the uncertain el nino period makes it's difficult to acquire sufficient water for the plantation. To maintain the sales quota, the company bought from the farmers who do not have the factory.
During the first quarter 2016, the trend of price raise from $530 in january to $630 in march. Further more the program of government to boost biodiesel program prompting to make discount and increasing the domestic demand for the palm oil since the first quarter. The policy to charge $50 per ton for the CPO minimize the profit rate of the export. On the other hand, it indicates the good sign of domestic market of rubber and oil palm.
Andi said, the price trend of will be increasing up to the third quarter likewise the production of the palm oil and rubber will be in culmination at the third quarter. The first quater of 2016 in which the PT. bakrie sumatera plantations made profit of Rp 148 is in the lowest production cycle.
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