Decline in FFB Prices by Rp 9.86/Kg in North Sumatera During August 2- 8, 2023

Palm Oil Magazine
Doc. Palmoilmagazine.com

PALMOILMAGAZINE, MEDAN – Reported by the Fresh Fruit Bunch (FFB) Team of North Sumatera Province during the period of August 2nd to August 8th, 2023, a decision has been made to reduce the price of 10 to 20-year-old FFB by Rp 9.86 per kilogram, resulting in a new rate of Rp 2,469.57 per kilogram.

Here is the breakdown of FFB prices in North Sumatera, as sourced from the Plantation Agency of North Sumatera Province by Palmoilmagazine.com:

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– FFB from 3-year-old trees is priced at Rp 1,921.93 per kilogram.

– FFB from 4-year-old trees is priced at Rp 2,100.45 per kilogram.

– FFB from 5-year-old trees is priced at Rp 2,213.07 per kilogram.

– FFB from 6-year-old trees is priced at Rp 2,275.09 per kilogram.

– FFB from 7-year-old trees is priced at Rp 2,299.30 per kilogram.

– FFB from 8-year-old trees is priced at Rp 2,357.05 per kilogram.

– FFB from 9-year-old trees is priced at Rp 2,404.54 per kilogram.

– FFB from 10 to 20-year-old trees is priced at Rp 2,469.57 per kilogram.

– FFB from 21-year-old trees is priced at Rp 2,463.50 per kilogram.

– FFB from 22-year-old trees is priced at Rp 2,428.48 per kilogram.

– FFB from 23-year-old trees is priced at Rp 2,402.47 per kilogram.

– FFB from 24-year-old trees is priced at Rp 2,316.43 per kilogram.

– FFB from 25-year-old trees is priced at Rp 2,239.40 per kilogram.

These adjustments reflect a shift in FFB pricing based on tree age and are part of the ongoing efforts to maintain a competitive and balanced market within the region.

Also Read : Decreased FFB Prices in Jambi During August 4-10, 2023

Crude palm oil (CPO) is Rp 10.896,87/Kg; kernel is Rp 5.079,65/Kg within K index 91,81%. (T2)

Disclaimer: this is about to inform FFB price lists from what local agency decided; it could be different from the spot.

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