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Astra Agro Sells 5,000 Tons of Crude Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 5,000 out of the 9,000 metric tons of palm oil that it offered at an auction in Jakarta.

The following table lists the result 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 Asianagro Agungjaya     3,000     CPO    8,185 FOB Dumai
PT Wahana Citra Nabati     2,000     CPO    8,040 FOB Bumiharjo
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

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