- Business
- Bumitama Agri Ltd. (Ticker: 2BU.F) is an Indonesia-based palm oil producer engaged in the cultivation, harvesting, and processing of fresh fruit bunches into crude palm oil (CPO) and palm kernel. The company operates a portfolio of plantations and mills across Sumatra and Kalimantan, producing CPO, palm kernel, and related products such as olein and stearin for domestic and export markets including China, India, and Europe. Its core operations encompass upstream activities like plasma development for smallholders and sustainable certification under RSPO standards; midstream processing via multiple mills with capacities exceeding 100 tonnes per hour; and downstream trading of refined products.
Founded in 2007 and headquartered in Jakarta, Indonesia, Bumitama Agri focuses on the agribusiness sector, targeting refineries, food manufacturers, and biofuel producers as primary customers. The company maintains eight estates spanning approximately 180,000 hectares, with subsidiaries handling milling, logistics, and kernel crushing. Geographic operations are concentrated in Indonesia, with planted areas yielding over 3.5 million tonnes of fresh fruit bunches annually.
No major strategic changes, such as partnerships, acquisitions, funding rounds, or product launches, have been publicly reported for Bumitama Agri Ltd. in the last 1-2 years. The company continues to emphasize operational efficiency and sustainability amid fluctuating CPO prices and global demand shifts. Recent annual reports highlight steady production growth and dividend distributions without significant reorganizations or expansions.