Bloomberg News

Astra Agro Sells 7,000 Tons of Palm Oil in Auction

May 03, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 7,000 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 Wilmar Nabati Indonesia   2,000    CPO    9,285 FOB Dumai
PT Wilmar Nabati Indonesia   2,000    CPO    9,035 FOB Tg. Bakau
PT Pacific Palmindo Industri 1,000    CPO    9,285 FOB Belawan
PT Sinar Alam Permai         2,000    CPO    9,140 FOB Bumiharjo
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

To contact the reporter on this story: Greg Ahlstrand in Jakarta at

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

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