Astra Agro Sells 7,500 Tons of Palm Oil at Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all 7,500 metrics 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.

================================================================
Buyer                       Volume Commodity Price Terms
================================================================
PT Inti Benua Perkasatama   2,000    CPO    8,950 FOB Dumai
PT Musim Mas                1,000    CPO    8,950 FOB Belawan
PT Musim Mas                1,000    CPO    8,825 FOB Talang
                                                      Duku
PT Sinar Alam Permai        2,000    CPO    8,765 FOB Bumiharjo
PT Ecogreen Oleochemicals   1,500    PKO   10,450 FOB Pangkalan
                                                  Dewa
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.