Friday, October 21, 2011

Breaking News-RTRS - Palm oil output at 300,000 T in 2011- Bakrie Sumatera

JAKARTA, Oct 20 (Reuters) - Palm oil output at Indonesia's Bakrie Sumatera will rise by more than 35 percent this year to 300,000 tonnes, Ambono Janurianto, chief executive at the planter, said on Thursday.
Earlier this year, the Bakrie Group's agricultural unit forecast 2011 output at 280,000 tonnes compared with 220,000/230,000 tonnes last year.
The production rise was due to some plantations coming into peak yield, Janurianto said in February.