Astra Agro Sells 10,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, sold 10,000 metric tons of the 11,000 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.

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Buyer                      Volume CommodityPrice    Terms
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PT Nagamas Palmoil Lestari   4,000    CPO   7,877 FOB Dumai
PT Pacific Palmindo Industri 1,000    CPO   7,875 FOB Belawan
PT Musim Mas                 1,000    CPO   7,745 FOB T. Duku
PT Wilmar Nabati Indonesia   2,000    CPO   7,575 FOB Cenoki
PT Panca Nabati Prakarsa     2,000    CPO   7,725 FOB Bumiharjo
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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: James Poole at jpoole4@bloomberg.net

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