Bloomberg News

Astra Agro Sells 9,000 Tons of Palm Oil in Auction

May 29, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of the 9,000 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    8,465 FOB Dumai
PT Musim Mas               1,000     CPO    8,465 FOB Belawan
PT Budi Nabati Perkasa     2,000     CPO    8,295 FOB Bumiharjo
PT Wilmar Nabati Indonesia 2,000     CPO    8,130 FOB Tanjung
                                                  Bakau
PT Wilmar Nabati Indonesia 2,000     CPO    8,130 FOB Cenoki
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

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


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