KPB Nusantara, the joint marketing office of state plantations, withdrew all of 10 CPO packages (11,000 tons) auctioned off Monday (September 1st) due to low bids. Buyers submitted bids as low as Rp7150 per Kg (VAT 10% included) or Rp6500/Kg net, even lower than average prices in the first half of 2013.
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