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Astra Agro Sells 7,000 Tons of Palm Oil in Auction

May 28 (Bloomberg) -- PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, sold 7,000 metric tons of the 11,000 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 Wilmar Nabati Indonesia   3,000    CPO   8,292 FOB Dumai
PT Wilmar Nabati Indonesia   2,000    CPO   7,990 FOB Tj.Bakau
PT Sinar Alam Permai         2,000    CPO   8,148 FOB Bumiharjo
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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