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 Bumiharjo PT Agro Makmur Raya 2,000 CPO 8,103 FOB Tanjung Bakau PT Agro Makmur Raya 2,000 CPO 8,103 FOB Cenoki =============================================================== CPO: Crude Palm Oil FOB: Free-on-Board