27/05/2015 (RTT News) - Anglo-Eastern Plantations Plc (AEP.L) which owns, operates and develops plantations in Indonesia and Malaysia, Tuesday reported that its first-quarter own production of fresh fruit bunches or FFB was 172,200 mt, a decrease of 5 percent from last year's 180,630 mt.

FFB bought-in was 127,900mt, which represents a decrease of 5 percent in comparison with the same period in 2014. Total Crude Palm Oil produced was 58,200mt, 9 percent lower than last year.

In its interim management statement, the company that produces mainly palm oil and some rubber reported that CPO CIF Rotterdam price averaged $669/mt, a decrease of 26 percent.

New planting for the first three months was 356 hectares, compared to 427 hectares last year. The mill construction in Central Kalimantan is progressing on schedule. This mill with an initial capacity of 45mt/hr is expected to be operational by the end of second quarter.

Looking ahead, the company said that in the near term, the upside on CPO price may be limited in view of seasonally higher production and high stockpiles. The Board remains cautious but expects profitability and cash flow to remain in line with management forecasts for 2015.

In London, Anglo-Eastern shares were trading at 660 pence, down 0.08 percent.