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Astra Agro Sells 7,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 7,000 metric tons 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. 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 Binasawit Abadi Pratama  2,000   CPO     9,360 FOB Dumai
PT Binasawit Abadi Pratama  1,000   CPO     9,360 FOB Belawan
PT Wilmar Nabati Indonesia  2,000   CPO     9,110 FOB Tg. Bakau
PT Sinar Alam Permai        2,000   CPO     9,210 FOB Bumiharjo
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board

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

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

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