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Astra Agro Sells 9,000 Tons of Palm Oil in Auction
calendar22-03-2012 | linkBloomberg | Share This Post:

22/03/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, accepted bids for all of 9,000 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 today. 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.

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Buyer                      Volume Commodity Price Terms
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PT Inti Benua Perkasatama   4,000    CPO    9,210 FOB Dumai
Pacific Palmindo Industri   1,000    CPO    9,220 FOB Belawan
PT Mega Surya Mas           2,000    CPO    8,935 FOB Cenoki
PT Mega Surya Mas           2,000    CPO    9,010 FOB Bumiharjo
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CPO: Crude Palm Oil FOB: Free-on-Board