Astra Agro Sells 10,500 Tons of Palm Oil in Auction

Jan. 25 (Bloomberg) -- 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
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

To contact the reporter on this story: Yoga Rusmana in Jakarta at

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