SIPEF

Quarterly Report • Aug 21, 2014

GROUP PRODUCTION - (IN TONNES)

	2014						YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	2013 Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	15 120	16 779			31 899	13 111	14 254			27 365	17,71%	16,56%
UMW/TUM Group	2 809	4 150			6 959	2 079	2 871			4 950	44,55%	40,59%
Agro Muko	19 026	20 349			39 375	17 961	18 518			36 479	9,88%	7,93%
Hargy Oil Palms	13 326	14 849			28 175	11 924	14 737			26 661	0,75%	5,67%
Total own	50 281	56 127	0	0	106 408	45 075	50 380	0	0	95 455	11,40%	11,47%
Outgrowers
Tolan Tiga Group	103	0			103	48	98			146	-100%	-29,45%
UMW/TUM Group	-	4			4	-	-				-	-
Agro Muko	412	445			857	306	422			728	5,45%	17,71%
Hargy Oil Palms	11 207	12 836			24 043	10 828	13 459			24 287	-4,62%	-1,00%
Total outgrowers	11 722	13 285	0	0	25 007	11 182	13 979	0	0	25 161	-4,96%	-0,61%
Total Palm Oil	62 003	69 412	0	0	131 415	56 257	64 359	0	0	120 616	7,85%	8,95%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	3 671	3 905			7 576	3 213	3 394			6 607	15,05%	14,66%
UMW/TUM Group	744	1 039			1 783	550	760			1 310	36,71%	36,10%
Agro Muko	4 312	4 742			9 054	4 274	4 011			8 285	18,22%	9,28%
Total own	8 727	9 686	0	0	18 413	8 037	8 165	0	0	16 202	18,62%	13,64%
Outgrowers
Tolan Tiga Group	27	0			27	13	26			39	-100%	-30,76%
UMW/TUM Group	-	-				-	-			-	-	-
Agro Muko	80	90			170	60	84			144	7,14%	18,05%
Total outgrowers	107	90	0	0	197	73	110	0	0	183	-18,18%	7,65%
Total Palm Kernels	8 834	9 776	0	0	18 610	8 110	8 275	0	0	16 385	18,13%	13,57%
Palm Kernels Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Hargy Oil Palms Total own	1 037 1 037	1 144 1 144	0	0	2 181 2 181	919 919	1 134 1 134	0	0	2 053 2 053	0,88% 0,88%	6,23% 6,23%
Outgrowers
Hargy Oil Palms	869	991			1 860	839	1 045			1 884	-5,16%	-1,27%
Total outgrowers	869	991	0	0	1 860	839	1 045	0	0	1 884	-5,16%	-1,27%
Total Palm kernel Oil	1 906	2 135	0	0	4 041	1 758	2 179	0	0	3 937	-2,01%	2,66%

	2014							YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Tolan Tiga Group	781	565			1 346	757	557			1 314	1,44%	2,44%
Melania	1 107	851			1 958	982	1 113			2 095	-23,53%	-6,53%
Agro Muko	414	459			873	343	379			722	21,11%	20,91%
Galley Reach	504	495			999	431	438			869	13,01%	14,95%
Total own	2 806	2 370	0	0	5 176	2 513	2 487	0	0	5 000	-4,70%	3,52%
Outgrowers
Agro Muko	0	0			0	0	0			0	-	-
Galley Reach	166	205			371	119	157			276	30,57%	34,42%
Total outgrowers	166	205	0	0	371	119	157	0	0	276	30,57%	34,42%
Total Rubber	2 972	2 575	0	0	5 547	2 632	2 644	0	0	5 276	-2,61%	5,14%

Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Own
Melania	652	717			1 369	705	695			1 400	3,16%	-2,21%
Total own	652	717	0	0	1 369	705	695	0	0	1 400	3,16%	-2,21%
Outgrowers
Melania	0	0			0	0	0			0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	652	717	0	0	1 369	705	695	0	0	1 400	3,16%	-2,21%

Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q2	YTD
Azaguie	2 006	1 239			3 245	1 292	1 580			2 859	-20,93%	13,50%
Agboville	2 926	2 543			5 469	2 722	2 015			4 737	26,20%	15,45%
Motobe	2 965	2 225			5 190	2 402	1 812			4 227	21,92%	22,78%
Total Bananas	7 897	6 007	0	0	13 904	6 416	5 407	0	0	11 823	11,09%	17,60%

Average market prices Crude Palm Oil in \$/mt

Product		YTD Q2/2014	YTD Q2/2013	YTD Q4/2013
CPO (CIF Rotterdam)	in \$/mt	899	852	857
CPKO (CIF Rotterdam)	in \$/mt	1 270	831	897
RSS3 (FOB Singapore)	in \$/mt	2 187	3 030	2 795
Tea (avg auct Mombasa)	in \$/mt	2 140	2 610	2 399
Bananas (FOT Europe)	in \$/mt	1 097	1 084	1 022

Crude Palm Kernel Oil in \$/mt RSS3 in \$/mt

Tea in \$/mt Bananas EU in \$/mt