Bloomberg News

Astra Agro Sells 5,000 Tons of Palm Oil at Auction

March 13, 2012

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

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

================================================================
Buyer                       Volume Commodity Price Terms
================================================================
PT Binasawit Abadi Pratama   1,000    CPO    9,435 FOB Belawan
PT Salim Ivomas Pratama      4,000    CPO    9,195 FOB Cenoki/
                                                       Bakau
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Greg Ahlstrand in Jakarta at gahlstrand@bloomberg.net;

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


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