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 8,000 tons of palm oil it offered at an auction today in Jakarta.

The following table lists the results of the sale, 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.

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Buyer                         Volume Commodity Price Terms
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PT Berkah Emas Sumber Terang  2,000   CPO   9,195 FOB Cenoki
PT Bina Karya Prima           2,000   CPO   9,295 FOB Bumiharjo
PT Berkah Emas Sumber Terang  1,000   PKO  10,412 FOB Tg. Bakau
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CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil