Astra Agro Sells 6,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 6,000 metric tons of 7,000 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 Inti Benua Perkasatama   4,000    CPO    8,580 FOB Dumai
PT Wilmar Nabati Indonesia  2,000    CPO    8,300 FOB Tg. Bakau
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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: Richard Dobson at rdobson4@bloomberg.net

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