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

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 5,000 tons of 7,000 tons of palm oil it offered at an auction in Jakarta.

Astra Agro failed to sell 6,000 tons of palm oil yesterday because of low bids.

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

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

================================================================
Buyer                      Volume Commodity Price Terms
================================================================
PT Sari Dumai Sejati        2,000    CPO    9,275 FOB Dumai
PT Salim Ivomas Pratama     2,000    CPO    9,015 FOB Buluminung
PT Wilmar Nabati Indonesia  1,000    PKO   11,175 FOB Dumai
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

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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