Astra Agro Sells 8,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest plantation stock by market value, accepted bids for all of 8,000 tons of palm oil it offered at an auction in Jakarta.

The following table lists the results of the sale today, based on an e-mailed statement today. 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.

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Buyer                      Volume Commodity Price Terms
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PT Nagamas Palmoil Lestari  4,000    CPO    9,475 FOB Dumai
PT Wilmar Nabati Indonesia  2,000    CPO    9,200 FOB Tg. Bakau
PT Sinar Alam Permai        2,000    CPO    9,275 FOB Bumiharjo
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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: Jake Lloyd-Smith at jlloydsmith@bloomberg.net

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