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

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 8,000 metric tons of the 9,000 tons of palm oil it offered at an auction in Jakarta today.

The following table lists the results of the sale, based on a faxed statement. The volumes are given in metric tons, while prices are in rupiah per kilogram unless stated otherwise.

Indonesia is the world’s largest producer of palm oil.

Buyer                        Volume Commodity Price Terms
PT Wira Inno Mas             2,000     CPO    8,320 Ex-factory
                                                    Teluk Bayur
PT Sinar Alam Permai         2,000     CPO    8,175 FOB
PT Agro Makmur Raya          2,000     CPO    8,103 FOB Tanjung
PT Agro Makmur Raya          2,000     CPO    8,103 FOB Cenoki
CPO: Crude Palm Oil FOB: Free-on-Board

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