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Anglo-Eastern Plantations PLC - producer of palm oil and rubber across Indonesia and Malaysia - Says in the first three months of 2023, production of fresh fruit bunches from continuing operations was 243,500 megatonnes, down 6% from 260,100mt the previous year. Says lower production trends were experienced in all regions except for Bangka and Kalimantan. Notes lower production in Bengkulu and North Sumatera were due to seasonal variation and the reduction of matured areas. Crude palm oil price averaged $1,016 per million tonnes, down 36% from $1,592 a year prior. Balance sheet remains strong, with net cash of $284.6 million, up 11% from $252.5 million a year prior. Says potential of El Nino weather phenomenon in second half of year may affect crop production and CPO prices. Current stock price: 840.00 pence, down 2.6% on Friday 12-month change: down 0.94% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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