Astra Agro Fails to Sell 9,000 Tons of Palm Oil in Auction
The unit of PT Astra International offered palm oil at target price of 8,940 rupiah a kilogram, 9,015 rupiah, 9,075 rupiah and 9,200 rupiah, Astra Agro said in a faxed statement. Buyers bid at 8,728 rupiah a kilogram, 8,930 rupiah, 8,968 rupiah and 9,133 rupiah, the company said in the statement.
Indonesia is the world’s largest producer of the commodity.
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