Astra Agro Sells 8,500 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of 8,500 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 Commodity Price Terms
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PT Inti Benua Perkasatama   1,500    CPO    7,990 FOB Dumai
Pacific Palmindo Industri   1,000    CPO    7,990 FOB Belawan
PT Salim Ivomas Pratama     2,000    CPO    7,690 FOB Tg. Bakau
PT Salim Ivomas Pratama     2,000    CPO    7,690 FOB Cenoki
PT Sinar Alam Permai        2,000    CPO    7,840 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: James Poole at jpoole4@bloomberg.net

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