Astra Agro Sells 11,000 Tons of Palm Oil at Auction

Dec. 16 (Bloomberg) -- PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 11,000 metric 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 Wilmar Nabati Indonesia  4,000    CPO    7,933 FOB Dumai
PT Wilmar Nabati Indonesia  2,000    CPO    7,630 FOB
                                                  Tanjung Bakau
PT Musim Mas                1,000    CPO    7,930 FOB Belawan
PT Salim Ivomas Pratama     2,000    CPO    7,656 FOB Cenoki
PT Sari Alam Permai         2,000    CPO    7,705 FOB Bumiharjo
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Femi Adi in Jakarta at;

To contact the editor responsible for this story: James Poole at