Astra Agro Sells 4,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 4,000 metric tons of the 9,000 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 Commodity Price Terms
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PT Inti Benua Perkasatama  2,000     CPO    7,915 FOB Dumai
PT Salim Ivomas Pratama    2,000     CPO    7,873 FOB Bumiharjo
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CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

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

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