Indonesia’s PT Astra Agro Lestari (AALI.JK) Tuesday said it sold 3,500 metric tons of crude palm oil offered in an auction.
PT Salim Ivomas Pratama bought 2,000 tons CPO at IDR8,755 a kilogram, free-on- board, Bumiharjo.
The company bought another 1,500 tons at IDR8,655 a kilogram, free-on-board, Buluminung.
A further 2,000 tons was withdrawn as the bids made were lower than the company’s offer prices of IDR8,865-IDR8,935 a kilogram, free-on-board, Buatan and Dumai.
The company also withdrew 500 tons of palm kernel oil as bids were lower than the offer price of $850 a ton.
Another auction is expected Wednesday.
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