CPO Prices In Jambi Slightly Rise

CPO Prices In Jambi Slightly Rise (Between)

JAMBI - Jambi Province's fresh fruit bunch price perumus (FFB) team for the period 8-14 September 2023, set the price of crude palm oil (CPO) to slightly increase by Rp22 per kilogram from Rp10,883 to Rp10,905 per kilogram.

"The team has also agreed that the price of 10-20 year old palm oil FFB will increase very slightly by Rp4 per kilogram from Rp2,410 to Rp2,414 per kilogram while the palm kernel will also increase slightly by Rp5 per kilogram from Rp5,003 to Rp5,008 per kilogram," said Head of the Jambi Provincial Plantation Service, Agusrizal, in Jambi as reported by Antara, Saturday, September 9.

The price of this FFB is a price intended for farmers who have become partners of palm processing companies where the Jambi Provincial Government formed an extension through the palm oil FFB price monitoring task force in the regions.

The following is the complete information on the price of FFB in Jambi for the three-year growth age FFB set for this period is IDR 1,906 per kilogram, four years of planting age IDR 2,015 per kilogram, five years of planting age IDR 2,109 per kilogram, six years of planting age IDR 2,198 per kilogram and seven years of planting age IDR 2,254 per kilogram.

Then for eight years of planting age worth Rp2,300 per kilogram, 9 years of planting age Rp2,347 per kilogram, 10 to 20 years of planting age Rp2,414 per kilogram, 21 to 24 years of age Rp2,339 per kilogram and over 25 years of Rp2,225 per kilogram.

The increase in the prices of FFB and CPO was known based on the results of the CPO, TBS, and palm kernel pricing meetings, which were the agreement of the formulating team in a meeting attended by entrepreneurs, cooperatives and oil palm farmer groups based on ministerial regulations and governor regulations.

The price of FFB varies depending on the age of various planting times. Then this price also applies to oil palm farmers who have partnered with palm oil factories.

To maintain the stability of FFB prices in Jambi, the government has advised all districts to create a team to monitor the price of oil palm heads in their respective regions.