Astra Agro Sells 7,500 Tons of Palm Oil at Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all 7,500 metrics 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 unless stated otherwise.

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

Buyer                       Volume Commodity Price Terms
PT Inti Benua Perkasatama   2,000    CPO    8,950 FOB Dumai
PT Musim Mas                1,000    CPO    8,950 FOB Belawan
PT Musim Mas                1,000    CPO    8,825 FOB Talang
PT Sinar Alam Permai        2,000    CPO    8,765 FOB Bumiharjo
PT Ecogreen Oleochemicals   1,500    PKO   10,450 FOB Pangkalan
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil
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