Bloomberg News

Astra Agro Sells 10,000 Tons of Palm Oil in Auction

March 27, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 10,000 tons of palm oil it offered at an auction in Jakarta.

The following table lists the results of the sale today, based on a faxed 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 Nagamas Palmoil Lestari 4,000     CPO    9,495 FOB Dumai
PT Panca Nabati Prakarsa   2,000     CPO    9,495 FOB Tg. Bakau
PT Panca Nabati Prakarsa   2,000     CPO    9,295 FOB Bumiharjo
PT Salim Ivomas Pratama    2,000     CPO    9,220 FOB Buluminung
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Eko Listiyorini in Jakarta at

To contact the editor responsible for this story: James Poole at

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