JAKARTA (Indonesia Today) – Astra Agro Lestari (AALI), the largest crude palm oil producer on Indonesia Stock Exchange (IDX), withdrew three out of five CPO packages auctioned off Wednesday (Sep 5) due to low bids.
Bids for the 5,000 tons packages were as low as Rp8,390 per Kg (VAT 10% included), while AALI expected Rp8,515 per Kg. The company, however, managed to sell two other packages (4,000 tons) at Rp8,195 and Rp8,295 per Kg each.