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 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
CPO: Crude Palm Oil FOB: Free-on-Board
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