Astra Agro Sells 10,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 10,000 metric tons of palm oil it offered at an auction in Jakarta today.

The following table lists the results of the sale, based on a faxed statement. The volumes are given in metric tons, while prices are in rupiah per kilogram including 10 percent value added taxes, unless stated otherwise.

Indonesia is the world’s largest producer of the commodity.

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Buyer                      Volume Commodity Price Terms
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PT Wilmar Nabati Indonesia  4,000    CPO    7,900 FOB Dumai
PT Wilmar Nabati Indonesia  2,000    CPO    7,575 FOB Tg. Bakau
PT Wilmar Nabati Indonesia  2,000    CPO    7,575 FOB Buluminung
PT Sinar Alam Permai        2,000    CPO    7,677 FOB Bumiharjo
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CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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