Bloomberg News

Indonesia’s Kharisma Fails to Sell 11,500 Tons of Palm Oil

May 11, 2012

PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state plantations, withdrew the 11,500 tons it offered at an auction in Jakarta today.

The company received the highest bids from PT SMART at 8,918 rupiah a kilogram ($970 a ton) for delivery from Belawan port, the company said in a faxed statement. That’s less than the target price of 9,125 rupiah a kilogram.

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

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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