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