Indonesia’s Kharisma Sells 15,000 Tons of Palm Oil

PT Kharisma Pemasaran Bersama Nusantara, which sells palm oil from Indonesia’s state-owned plantations, sold 15,000 metric tons of 20,000 tons of the commodity it offered at an auction in Jakarta.

The following table lists the result of the sale today, based on a faxed statement. The volumes are given in metric tons, while prices are in rupiah per kilogram including a 10 percent value-added tax, unless stated otherwise.

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

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Buyer                       Volume Commodity Price Terms
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PT Multimas Nabati Asahan   7,000     CPO    8,503 Ex-factory
                                                   Belawan
PT Wilmar Nabati Indonesia  5,000     CPO    8,503 Dumai
PT Wilmar Nabati Indonesia  2,000     CPO    8,426 FOB Siak
PT Sinar Alam Permai        1,000     CPO    8,353 FOB Palembang
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CPO: Crude Palm Oil FOB: Free-on-Board

To contact the reporter on this story: Greg Ahlstrand in Jakarta at gahlstrand@bloomberg.net

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