Jambi, (Antaranews Jambi) - The price of crude palm oil (CPO) was set Rp157 per kilogram lower to Rp7,644 in Jami for the period of April 20 to 26 this year.
"As a result the prices of fresh fruit bunches (FFB)of oil palm and palm kernel were cut," an FFB Price Determination Official in Jambu Agusrizal said here on Saturday.
The prices of CPO and oil palm products in the province are set by a formulation team of local officials, producers, cooperatives and oil palm farmers, based on the market price developments.
Agusrizal said the price of palm kernel dropped quite sharp, down Rp218 per kilogram to Rp5,403 based on an index of 89.06 percent.
The price of FFB of three year old oil palm trees was set Rp31 lower at Rp1,364 per kilogram. The price of FFB of four-year old trees was set at Rp1,453 per kilogram. The prices are higher for FFB from older trees up to 20-year in age - at Rp1,520 per kilogram for FFB from 5-year old trees , Rp1,584 per kg for 6-year old trees and Rp1,624 for FFB from 7 year-old trees.
The prices are lower for FFB from 21 years or older trees at Rp1,690 per kg for FFB from 21-24 year old trees and Rp1,512 for FFB from trees older than 25 years.
Jambi is one of the country`s largest palm oil producing provinces having 962,000 hectares of oil palm plantations.
Indonesia is the world`s largest producer and exporter of palm oil, which is s major export commodity of the country . (AS/a014)
CPO price drops sharply in Jambi
Sabtu, 21 April 2018 13:31 WIB