MGRO PRODUCED 219,149 TONS OF CPO LAST YEAR
06 February 2019
KONTAN.CO.ID - JAKARTA. PT Mahkota Group Tbk produced 219,149 tons of crude palm oil (CPO) last year. President Director of Mahkota Group, Usli Sarsi revealed that they produced 62,879 tons of palm kernel.
Currently, Usli admitted that CPO prices have not moved significantly in early 2019. “But implicitly it looks better than the closing price at the end of 2018 at US$ 535.02,” he said on Tuesday (29/1).
Furthermore, he hopes that the trade conflict between China and America can quickly subside and there are positive import policies from several major countries that import CPO. “That way, the world CPO price will automatically move up,” he added.
Regarding business opportunities this year, Usli continued, government policies related to the implementation of the use of biodiesel nationally can be a considerable business opportunity. “So that it can consume domestic CPO production massively, not depending only on the export share,” he said.
For information, MGRO is now developing a downstream business in order to provide added value to their income. Through its subsidiary PT Intan Sejati Andalan, they are building a refinery plant. So far, MGRO's products include CPO, palm kernel, shells and other derivative products. MGRO has six factories located in North Sumatra and Riau.
Reporter : Ika Puspitasari
Editor : Azis Husaini