INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
23.
The Plantation Division’s total revenue declined 11% to
Rp9.1 trillion due largely to lower average selling prices
of palm products, partially offset by higher sales volume
of palm products and higher sugar sales. Inter-segment
CPO sales to the EOF Division also decreased by 27% to
Rp3.7 trillion at market prices. This Division’s EBITDA
earnings were affected by lower average selling prices.
2015 total FFB production increased by 7% to 4,693,000
tonnes on higher nucleus output and external purchases.
This led to a higher CPO production of 1,002,000 tonnes, while
Oil Palm Plantation
Age Profile
oil extraction rates declined marginally from 22.4% in 2014 to
22.2% in 2015.
Rubber production declined 9% to 17,000 tonnes due to
inactive land expansion and moderate replanting activities.
We exported 51% of our rubber products comprising largely
sheet rubber, crumb rubber and cup lump, while the balance
was sold domestically.
The Division also revitalised and replanted its cocoa plantation
in East Java and North Sulawesi. These have resulted in
productivity improvements.
246,359 Ha
25%
47%
4%
24%
152,340 Ha
29%
3%
37%
31%
Group
PT SIMP
Lonsum
20 years
7-20 years
4-6 years
Immature
94,019 Ha
16%
64%
15%
5%
Rubber factory in South Sumatra
CPO vs Soy Oil Price
US$/tonne
Soy Oil Premium Over CPO
CPO (CIF Rotterdam)
Soy Oil (CIF Rotterdam)
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
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