FFB Price In East Kalimantan Drops To Rp2,349.28

Illustration (Photo: Doc. Antara)

SAMARINDA - The price of oil palm fresh fruit bunches (FFB) in East Kalimantan Province (Kaltim) for the period 16-30 June 2022 fell to Rp2,349.28.

"Two weeks earlier, the price of FFB harvested from oil palm trees aged 10 years and over reached Rp. 2,818.85," said the head of the East Kalimantan Provincial Plantation Service, Ujang Rachmad, as quoted by Antara, Friday, July 1.

The price of FFB in East Kalimantan is set twice a month and applies backwards, i.e. it is set in the middle of the month for prices on the 1-15th, then set at the end of the month for prices that apply from 16 to 30 or 31 per month.

The determination applies backwards because the pricing team must obtain valid data from the palm oil company, in this case, the company must submit the data needed for FFB pricing at least one day before the price fixing meeting.

He detailed that the price of FFB for the period of June 16-30 which was harvested from oil palms aged 3-10 years and over, i.e. aged 3 years, was priced at Rp. 2,070.34, down from the previous period which was Rp. 2,484.48.

For FFB harvested from 4-year-old oil palm trees for IDR 2,209.97, a decrease compared to the previous period which was IDR 2,652.48.

FFB from a 5-year-old tree costs IDR 2,221.50, a decrease compared to the previous two weeks which was IDR 2,665.93.

The age of 6 years is set at IDR 2,244.99, a decrease compared to the previous two weeks which was IDR 2,694.02.

For FFB harvested from 7-year-old trees for IDR 2,258.25, there was a decrease compared to the previous period which was IDR 2,709.86.

FFB harvested from trees aged 8 years is subject to IDR 2,275.42, a decrease compared to the previous period which was IDR 2,730.52.

FFB from trees harvested at the age of 9 years is set at Rp2,321.89, a decrease compared to the previous two weeks which was priced at Rp2,785.96.

"Meanwhile, FFB originating from oil palm trees aged 10 years and over is priced at Rp.2,349.28, a decrease compared to the previous two weeks which cost Rp.2,818.85," said Ujang.