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English to French translations [PRO] Bus/Financial
English term or phrase:CPO
We bought Astra Agro Lestari as it will be a prime beneficiary of higher CPO prices which can be expected with the oncoming July El Nino weather phenomenon. The supply and demand balance also suggests that CPO prices will remain strong. CPO prices is currently at US$365/tonne, and is expected to fetch an average US$400 for FY02. The combination of a favourable maturity profile, improved infrastructure facilities and CPO mill expansion makes Astra Agro a very attractive investment to partake in the El Nino cycle.