InfoSAWIT, JAKARTA – According to the company’s report, fresh fruit bunch (FFB) production of PT Dharma Satya Nusantara Tbk (DSNG) escalated 28% to be 528 thousand tons in the first quarter 2023, while crude palm oil (CPO) production in the same period increased 42% to be 152 thousand tons.

The close CPO stocks in the globe and the increasing vegetable oil price in the globe in the early of 2023, and war between Russia and Ukrain urged CPO average price of the company increased in the first quarter this year.

CPO of DSNG in the period increased 13% to be Rp 12,0 million per ton compared to Q1 - 2022 which was Rp 10,6 million per ton. It was more expensive than ASP CPO DSNG in the Q4-2022 which was Rp 11,4 million per ton.

Though the sale of DSNG significantly escalated in the Q1-2023, DSNG got profits for about Rp 215 billion or increased 3% compared to the same period last year. It happened for the increasing fertilizer costs and FFB purchase from external which got bigger than it in the previous year. The margin even less than it from the main plantations.

“Besides, the intensive rain in the early of this year influenced to yield extraction which got lower than it in lst year and influenced CPO production,” Director of DSNG, Andrianto Oetomo said, as in the official statement to InfoSAWIT, Tuesday (18/4/2023). (T2)