Indonesia’s SMART says palm output to grow 8 pct a yr

Indonesian palm oil firm SMART will grow its output of the edible oil by 8 percent a year for the next five years, as its plantations mature to produce greater yields, an executive told Reuters on Wednesday.

“It will be about an 8 percent increase. Some immature plantations are now becoming mature,” said Franky Widjaja, CEO of SMART’s parent firm, Singapore-listed Golden Agri-Resources.

SMART’s 2011 palm output was 2.6 million tonnes from Indonesia, the world’s largest palm oil producer.

http://www.reuters.com/article/2012/06/13/smart-indonesia-palm-idUSJ9E7KF01X20120613

 

Category: Indonesia