Bloomberg News

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

May 31, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of 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    8,260 FOB Dumai
PT Asianagro Agungjaya     1,000    CPO    8,260 FOB Belawan
PT Mega Surya Mas          2,000    CPO    8,025 FOB Cenoki
PT Asianagro Agungjaya     2,000    CPO    8,170 FOB Bumiharjo
PT Hasil Abadi Perdana     2,000    CPO    8,025 FOB Buluminung
================================================================
CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

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


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