TAPG – Targets CPO production of 995k tons in 2024

TAPG – Targets CPO production of 995k tons in 2024 Triputra Agro Persada (TAPG) targets CPO production of 995k tons (+1.7% yoy) this year. As of May 2024, TAPG has produced around 360k tons of CPO. TAPG is optimistic that the company will achieve this target by reaching 45% of the target in 1H24 and 55% in 2H24 due to the peak of the harvest. This is also supported by climatic conditions that support production and logistics as well as oil palm plants that are still in prime shape at the age of 15 years. TAPG will optimize production through fertilization programs and supporting infrastructure as well as monitor fertilizer prices to secure stocks in the next 6-12 months. (Source : Kontan)