Bloomberg News

Indonesia’s Kharisma Sells 7,000 Tons of Palm Oil

By Yoga Rusmana
March 08, 2012

PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 7,000 metric tons of 10,250 tons of the commodity that it offered at an auction in Jakarta.

PT Astra Agro Lestari (AALI), the country’s largest-listed plantation company by market value, withdrew 4,000 tons of palm oil in a separate auction because of low bids.

The following table lists the results of the sale today, based on a faxed statement. The volumes are given in metric tons, while prices are in rupiah per kilogram including a 10 percent value added tax, unless stated otherwise.

Indonesia is the world’s largest producer of palm oil.

================================================================
Buyer                      Volume Commodity Price Terms
================================================================
PT Musim Mas                3,000    CPO    9,388 FOB Belawan
PT Musim Mas                  500    CPO    9,388 Ex-factory
                                                  Belawan
PT Wilmar Nabati Indonesia  2,000    CPO    9,388 FOB Dumai
PT Wilmar Nabati Indonesia    500    CPO    9,115 Ex-factory
                                                  Pinang Tinggi
PT Sinar Alam Permai        1,000    CPO    9,238 FOB Boom Baru
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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