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Indonesia’s Kharisma Sells 3,500 Tons of Palm Oil

PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 3,500 metric tons of the 11,250 tons of the commodity 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 a 10 percent value added tax, unless stated otherwise.

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

Buyer                       Volume Commodity Price Terms
PT Musim Mas                 1,000    CPO    8,498 FOB Belawan
PT Musim Mas                   500    CPO    8,498 Ex-factory
PT Inti Benua Perkasatama    2,000    CPO    8,498 FOB Dumai
CPO: Crude Palm Oil FOB: Free-on-Board

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