LONDON (Thomson Financial) – Anglo-Eastern Plantations Plc. said it expects its first-half pretax profit to be ‘significantly higher’ compared with last year on the back of higher oil production and a favourable crude palm oil price.
It said crops of oil palm fresh fruit bunches in the first-half to June 30 amounted to 265,000 tonnes, an increase of some 16 percent, reflecting the recovery from the drought conditions and increasing maturity of the Bengkulu estates.
It said volumes of bought-in fruit have also increased considerably over 2007.
Overall these two factors led to a 38 percent increase in crude palm oil output of 95,000 tonnes during the first six months compared to the 69,000 tonnes produced in 2007, it added.
Progress continues on the new projects in Kalimantan, Bengkulu and Bangka. Land clearing is proceeding with a target of 2,000 hectares planted by the year-end, the palm oil producer added.
More Recent Palm Oil News 
- Crude Palm Oil Ends Down On Profit-Taking; Industry Data In Focus
- CPO Rises To Two Week High; Industry Data In Focus
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Crude Palm Oil Recovers Late On Short Covering
- Crude Palm Oil Ends Down As Demand Prospects Weaken
- Crude Palm Oil Rises Slightly; Weak Demand Limits Upside
- Crude Palm Oil Ends Up On South America Crop Worries
- Crude Palm Oil Rises On Pre-Holiday Short-Covering
- Crude Palm Oil Falls Due To Bearish Export Outlook
- Crude Palm Oil Ends Higher On South America Weather
- Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus
- Crude Palm Oil Rises In Light Trade; USDA Data In Focus
- Crude Palm Oil Steady; South America Weather May Underpin
- Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited
- Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely
PRO Palm Oil Live Market News
- US STOCK FUTURES: HOT STOCKS TO WATCH
- India Commodity Prices Including Palm Oil – Agriculture
- Crude Palm Oil Ends Down On Profit-Taking; Industry Data In Focus
- Malaysian PM Cash Market Prices For Palm Oil – Feb. 9
- Malaysia Feb. 1-10 Palm Oil Exports Likely Reached 338,000 Tons -Executives
- *Malaysia Feb. 1-10 Palm Oil Exports Likely Reached 338,000 Tons -Executives
- China Dalian Commodity Exchange Grain Stocks, Feb 09
- BMD Crude Palm Oil (CPO) Rebounds But Higher Stocks Cap Gains
- China Dalian Grain Futures Closing Prices, Volume
- Malaysian AM Cash Market Prices For Palm Oil – Feb. 9
- BMD Crude Palm Oil (CPO) Falls With Other Commodities; Stocks Weigh
- BMD Crude Palm Oil (CPO) Slips In Choppy Trade; MYR3,120 Support
- BMD Crude Palm Oil (CPO) Tipped To Open Up But Upside Limited
- Asia-Pacific Commodities Events Calendar
- Southeast Asia Palm Oil Weather – Feb 8
