JAKARTA - State owned plantation firm, PT Perkebunan Nusantara (PTPN) VIII seeks net profit of 188 billion IDR in 2014, increased 29.65 percent from 145 billion IDR this year. President Director of PTPN VIII, Dadi Sanuri explained that company also estimated revenues of 3.2 trillion IDR in 2014 from 2.7 trillion IDR this year.

"We will increase next year revenue from commodity diversification of plantation plants. We also estimate an improvement of commodity prices in international market," Sunari said recently.

PTPN VII with current business areas in West Java develops 22 thousand hectares (ha) of rubber plantation area, tea (26 thousand ha) and palm oil (18 thousand ha). Company also expanded planting of fruits commodities, such as mangosteen and durian on area of three thousand hectares.

Company next year will still be overshadowed by commodity prices in international markets as global economy has not fully recovered. Company will convert majority of plantation areas into tea and fruits, especially mangosteen, durian, banana and papaya.

"It will reduce our dependence on tea and palm oil. The two commodities are vulnerable to global economy condition," Sunari said.

PTPN VIII expected to convert 18 thousand ha of plantation areas. Company previously exported for the first time 7.26 tonnes of Mas Kirana bananas to Singapore. The value reached 5,445 SGD.

Company already produced 93,279 kilograms of bananas and 3,742 kg of papaya sold to several distributors, such as PT Sewu Segar Nusantara, PT Laris Manis Utama, PT Mandiri Sukses Pratama, PT Mulia Raya, PT Indored, PT Agromali, Koperasi Tani Kuno with marketing areas throughout Indonesia. Banana and papaya gave profits to company worth 1,040 billion IDR.

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