Astra Agro Sells 5,000 Tons of Palm Oil at Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 5,000 metrics tons of the 7,500 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 unless stated otherwise.

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

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Buyer                       Volume Commodity Price Terms
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PT Wilmar Nabati Indonesia     2,000    CPO    8,895 FOB Dumai
PT Pacific Palmindo Industries 1,000    CPO    8,895 FOB Belawan
PT Salim Ivomas Pratama        2,000    CPO    8,635 FOB Tanjung
                                                         Bakau
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CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net;

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

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