PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 5,000 tons of the 7,000 tons of palm oil it offered at an auction in Jakarta.
The following table lists the results of the sale today, 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 Intibenua Perkasatama 2,000 CPO 9,255 FOB Dumai PT Musim Mas 1,000 CPO 9,255 FOB Belawan PT Salim Ivomas Pratama 2,000 CPO 8,995 FOB Tanjung Bakau ============================================================= CPO: Crude Palm Oil FOB: Free-on-Board