PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 10,500 metric tons of the 11,500 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 including 10 percent for value added taxes, unless stated otherwise.
Indonesia is the world’s largest producer of the commodity.
================================================================ Buyer Volume Commodity Price Terms ================================================================ PT SMART 4,000 CPO 8,495 FOB Dumai PT SMART 1,500 CPO 8,495 FOB Belawan PT Musim Mas 1,000 CPO 8,365 FOB Talang Duku PT Salim Ivomas Pratama 2,000 CPO 8,220 FOB Buluminung PT Salim Ivomas Pratama 2,000 CPO 8,300 FOB Bumiharjo ================================================================ CPO: Crude Palm Oil FOB: Free-on-Board