Indonesia KPB Nusantara Sells 5,500 Tons Crude Palm Oil At Auction Monday

JAKARTA (Dow Jones)--Indonesia's PT Perkebunan Nusantara said Monday in a statement it sold 5,500 metric tons of crude palm oil offered in a government auction.

PT Musim Mas bought 2,500 tons, on an ex-factory basis, at IDR7,425 a kilogram. The company bought a further 500 tons, free-on-board Bunut, at IDR7,204/kg.
PT Pacific Palmindo Industri bought 1,000 tons, on an ex-factory basis, at IDR7,425/kg.
PT Intibenua Perkasatama bought 1,000 tons, FOB Siak, at IDR7,348/kg.
PT Wira Inno Mas bought 500 tons, FOB Ophir, at IDR7,242/kg.

Following are Indonesian prices for crude palm oil (CPO) quoted at a tender by PT KPB Nusantara (formerly known as the state marketing centre) on Monday:








Buyer Volume Price Terms
(tonnes)(Rp/kg)
PT Musim Mas 500 7,425 Ex-factory Medan
PT Musim Mas 2,000 7,425 FOB Belawan
PT Pacific Palmindo 1,000 7,425 FOB Belawan
PT Inti Benua Perkasatama 1,000 7,348 FOB Siak
PT Musim Mas 500 7,204 Ex-factory Bunut
PT Wira Inno Mas 500 7,242 Ex-factory Ophir
Total volume offered 5,500
Total volume traded 5,500
Previous auction volume 2,000
Previous top price 7,326
($1 = 9,390 rupiah)

Source : Reuters & Dow Jones