KPB Nusantara, the joint marketing office of state plantations, was forced to withdraw nine out of 10 CPO packages auctioned off Wednesday (Aug 19) due to low bids submitted by buyers. KPB only sold one package of 1500 tons at Rp6670 per Kg (VAT 10% included), lower than the previous day’s ideal price, even when rupiah lost further ground against the greenback.To subscribe please click here
