Astra Agro Sells 5,000 Tons of Palm Oil in Auction

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
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