PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 5,000 metric tons of the 7,000 tons of palm oil it offered at 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 Nagamas Palmoil Lestari 2,000 CPO 8,450 FOB Dumai PT Musim Mas 1,000 CPO 8,450 FOB Belawan PT Sinar Alam Permai 2,000 CPO 8,275 FOB Bumiharjo ================================================================ CPO: Crude Palm Oil FOB: Free-on-Board