Indonesia’s Astra Agro Sells 3,500 Tons CPO Tuesday

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A further 2,000 tons was withdrawn as the bids made were lower than the company’s offer prices of IDR8,865-IDR8,935 a kilogram, free-on-board, Buatan and Dumai.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.