NBPO26 Aug 2011 08:07
Operational highlights
· During the first half of 2011, a record total of 1,295,230 tonnes of fresh fruit bunches were processed (H1 2010: 949,793 tonnes)
· Total oil production in the period was 318,166 tonnes - with 297,813 tonnes of Crude Palm Oil (CPO) and 20,353 tonnes of Palm Kernel Oil (H1 2010: 211,627 tonnes and 17,968 tonnes respectively)
· In the first six months the Company has achieved an average CPO selling price of USD 1,122/tonne of CPO (H1 2010: USD 792/tonne)
· CPO prices have been robust during the first half, trading between USD 1,100 to 1,300/tonne, starting the period at around USD 1,200/tonne and ending at around USD 1,100/tonne, current prices are approximately USD 1,050/tonne
· As at 30 June 2011, the Group had shipped 292,523 tonnes of all oils at USD 1,190/tonne and total sales not shipped ('forward sales') of 139,000 tonnes at USD 1,115/tonne giving a total committed price of USD 1,166/tonne for 431,523 tonnes as at the half year
· The Company's crude palm oil extraction rate for the period was 23.0% (FY 2010: 22.4%)
· The Liverpool refinery continues to meet all of our expections with continued growth in sales volumes of high grade sustainable and traceable oil in a segregated supply chain