Indonesia's Sinar Mas Agro expects 15 pct decline in 2016 output

Golden Agri-Resources

25/04/2016 05:03

JAKARTA, April 25 (Reuters) - Indonesian palm producer PT 
Sinar Mas Agro Resources and Technology Tbk  SMAR.JK  expects a 
production drop of 15 percent this year from 3 million tonnes 
last year, said Franky Widjaja, chief executive of parent Golden 
Agri-Resources Ltd  GAGR.SI . 
    "There was a lot of drought in our (plantation) area in 
Sumatra and Kalimantan, like in Southern Kalimantan, it's very 
dry," Widjaja told reporters in Jakarta on Monday.  
    Last year's El Nino dry weather pattern has affected 
production of palm trees in the region. 
    He said national production could fall around 5-10 percent 
this year, from 31 million tonnes last year. 
 
 (Reporting by Bernadette Christina Munthe; Writing by Fransiska 
Nangoy; Editing by Ryan Woo) 
 ((Fransiska.Nangoy@thomsonreuters.com; +62 21 2992 7610; 
Reuters Messaging: 
fransiska.nangoy.thomsonreuters.com@reuters.net)) 
 
Keywords: INDONESIA PALMOIL/SINAR MAS AGRO