Bloomberg News

Astra Agro Sells 9,900 Tons of Palm Oil in Auction

June 12, 2012

PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of 9,900 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 Inti Benua Perkasatama   2,000    CPO    7,976 FOB Dumai
PT Musim Mas                1,000    CPO    7,976 FOB Belawan
PT SMART                    2,000    CPO    7,628 FOB Tg. Bakau
PT SMART                    2,000    CPO    7,628 FOB Buluminung
Mikie Oleo Nabati Industri  2,900    CPO    7,775 FOB Bumiharjo
CPO: Crude Palm Oil FOB: Free-on-Board

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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