PALMOILMAGAZINE, MEDAN – As per the Fresh Fruit Bunch (FFB) Team of North Sumatera Province, during the week of October 11 to October 17, 2023, it was determined that the price of 10 to 20-year-old FFB had experienced a reduction of Rp 43.09 per kilogram, resulting in a new price of Rp 2,418.22 per kilogram. This adjustment reflects the ongoing dynamics of the FFB market, and stakeholders are closely monitoring these changes.
In addition to this, the FFB Team has been actively tracking and reporting FFB prices for various age categories. These prices vary, with older FFB fetching slightly higher rates. These insights provide valuable information for stakeholders in the palm oil industry, enabling them to make informed decisions and adapt to the evolving market conditions.
Here are the FFB price details in North Sumatera based on information obtained from the North Sumatera Plantation Agency:
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- 3-year-old FFB: Rp 1,881.27 per kilogram
- 4-year-old FFB: Rp 2,056.35 per kilogram
- 5-year-old FFB: Rp 2,167.60 per kilogram
- 6-year-old FFB: Rp 2,228.40 per kilogram
- 7-year-old FFB: Rp 2,251.80 per kilogram
- 8-year-old FFB: Rp 2,308.66 per kilogram
- 9-year-old FFB: Rp 2,354.92 per kilogram
- 10-20-year-old FFB: Rp 2,418.22 per kilogram
- 21-year-old FFB: Rp 2,412.36 per kilogram
- 22-year-old FFB: Rp 2,378.28 per kilogram
- 23-year-old FFB: Rp 2,352.96 per kilogram
- 24-year-old FFB: Rp 2,269.21 per kilogram
- 25-year-old FFB: Rp 2,194.23 per kilogram
Additionally, the price of Crude Palm Oil (CPO) stands at Rp 10,596.60 per kilogram, while kernel oil is priced at Rp 5,250.00 per kilogram, with a K index of 91.90%. (T2)
Disclaimer: this is about to inform FFB price lists from what local agency decided; it could be different from the spot.