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Astra eyes recovery

This article was originally published in The Public Ledger

INDONESIA'S Astra Agro produced 4.2% less palm oil in the first five months of this year at 378,674 tonnes versus 395,334 tonnes a year earlier. Prijono Sugiarto, president director of parent company Astra International, told Reuters that Astra Agro will increase its landbank by less than 10,000 hectares this year and keep crude palm oil output roughly steady versus last year's 1.08m tonnes.

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