Indonesia’s Kharisma Sells 5,500 Tons of Palm Oil

PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 5,500 metric tons of the 11,000 tons of the commodity it offered at an auction in Jakarta today.

PT Astra Agro Lestari, the country’s largest listed plantation company by market value, withdrew 6,000 tons of palm oil in a separate auction.

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 a 10 percent value added tax, unless stated otherwise.

Indonesia is the world’s largest producer of palm oil.

================================================================
Buyer                       Volume Commodity Price Terms
================================================================
PT Musim Mas                 3,000    CPO    8,703 Ex-factory
                                                   Belawan
PT Inti Benua Perkasatama    1,500    CPO    8,703 Ex-factory
                                                   Dumai
PT Aman Jaya Perdana         1,000    CPO    8,550 Ex-factory
                                                   Palembang/
                                                   Lampung
================================================================
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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