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Why is AAGRY down ६.०८%?
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AAGRY:OTCMKTS
Astra Agro Lestari TBK PT Unsponsored Indonesia ADR
US$ २.२६
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-६.०८%(-०.१५) 1D
अक्टोबर १६, १६:००:०० GMT-४ · USD
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Open
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१.५१ शंख
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52-wk high
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52-wk low
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Profile
Astra Agro Lestari Tbk. is the second biggest palm oil company in Indonesia. It is a subsidiary of PT Astra International Tbk. At least in 2004, it controlled extensive land banks. It has two concessions on peatlands in Riau, with an estimated total area of 20,000 hectares.
AAL is Indonesia's second largest palm oil company and according to FIDH, "supplies Crude Palm Oil through its mills to various consumer companies, including Procter & Gamble, Hershey's, Kellogg, Unilever, Mondelēz, Colgate-Palmolive, PepsiCo, and Nestlé, amongst others."
According to Greenpeace, 2007, it has seven concessions on peat in Central Kalimantan. Greenpeace also reported hotspots on five Astra Agro concessions in Riau, two of which were on peatlands. Joko Supriyono was or is a director at Astra Agro and secretary of a palm oil industry lobby group. He said companies had no choice, but to continue establishing plantations on restricted areas.
The company was listed on the Indonesia Stock Exchange in 1997. Wikipedia
About Astra Agro Lestari TBK PT Unsponsored Indonesia ADR