Astra Agro Sells 3,000 Tons of Palm Oil in Auction

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 3,000 tons of 7,000 tons of palm oil it offered at an auction in Jakarta.

The following table lists the results of the sale today, based on a statement on Astra Agro’s website. 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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Pacific Palmindo Industri   1,000    CPO    9,490 FOB Belawan
PT Panca Nabati Prakarsa    2,000    CPO    9,325 FOB Buluminung
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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