FFB Agrees On CPO Price In Jambi Drops IDR 55 Per Kilogram

JAKARTA - The Jambi Province Fresh Fruitmark (FFB) price formulating team for the period 14-20 July 2023 set the price of crude palm oil (CPO) to fall by Rp55 per kilogram from Rp10,643 to Rp10,588 per kilogram.

"The team has also agreed that the price of oil palm is 10-20 years old, only decreased by Rp. 14 per kilogram from Rp. 2,322 to Rp. 2,308 per kilogram, while the palm kernel decreased by Rp. 75 per kilogram from Rp. 4,690 to Rp. 4,615 per kilogram," said Head of the Jambi Provincial Plantation Service, Agusrizal, quoting Antara, Saturday, July 22.

The price of this FFB is a price intended for farmers who have become partners of palm oil processing companies with the Jambi Provincial Government.

The following is the complete information on the price of FFB in Jambi for the three-year growth age TBS set for this period of IDR 1,824 per kilogram, four-year planting age IDR 1,926 per kilogram, five-year planting age IDR 2,016 per kilogram, six-year planting age IDR 2,102 per kilogram, and seven-year planting age IDR 2,155 per kilogram.

Then for eight years of planting age worth Rp2,199 per kilogram, 9 years of planting age Rp2,244 per kilogram, 10 to 20 years of planting age Rp2,308 per kilogram, 21 to 24 years of age Rp2,235 per kilogram, and over 25 years of Rp2,127 per kilogram.

The decline in the prices of FFB and CPO was known based on the results of a meeting to determine the prices of CPO, TBS, and palm kernel, which was the agreement of the perumus team in a meeting attended by entrepreneurs, cooperatives and oil palm farmer groups based on ministerial regulations and governor regulations.

The price of this FFB varies depending on the age of the various planting period. Then this price also applies to palm oil 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.