Bloomberg News

Astra Agro Sells 4,000 Tons of Palm Oil at Auction

March 12, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for 4,000 metrics tons of the 9,000 tons of palm oil it offered at an auction in Jakarta today.

Separately, PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, failed to sell 10,000 ton of palm oil at an auction in Jakarta today.

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

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

================================================================
Buyer                       Volume Commodity Price Terms
================================================================
PT Asianagro Agungjaya       2,000    CPO    9,265 FOB Bumiharjo
PT Salim Ivomas Pratama      2,000    CPO    9,165 FOB Tanjung
                                                         Bakau
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net;

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


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