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 9,000 tons of palm oil it offered at an auction in Jakarta.

The following table lists the results of the sale today, based on an e-mailed 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    9,365 FOB Dumai
PT Musim Mas                1,000    CPO    9,365 FOB Belawan
PT Mega Surya Mas           2,000    PKO   10,710 FOB Pangkalan
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil
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