Bloomberg News

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

May 02, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for half of 8,000 metric tons of palm oil it offered at an auction in Jakarta.

The following table lists the results of the sale today, based on an e-mailed 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 2,000    CPO    9,372 FOB Dumai
PT Musim Mas               1,000    CPO    9,370 FOB Belawan
PT Inti Benua Perkasatama  1,000    PKO   10,536 FOB Dumai
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

To contact the reporter on this story: Yoga Rusmana in Jakarta at

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

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