Independent FFB Prices in Riau Highest at Rp 2,470.38/kg for the Week of Oct 25-31, 2023

palm oil magazine
Doc. Sawit Fest 2021 / Ricky Darmawan

PALMOILMAGAZINE, PEKANBARU – Based on information provided by the FFB Team and FFB Document for Independent Smallholders in Riau Province during the period of October 25 to 31, 2023, the price of 9-year-old FFB has seen a substantial increase, rising by Rp 37.73/kg to reach Rp 2,470.38/kg.

Here is the breakdown of FFB prices for independent smallholders in Riau Province, as reported by through the Plantation Agency of Riau Province:

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  • 3-year-old FFB: Rp 1,892.48/kg
  • 4-year-old FFB: Rp 2,123.80/kg
  • 5-year-old FFB: Rp 2,292.57/kg
  • 6-year-old FFB: Rp 2,385.10/kg
  • 7-year-old FFB: Rp 2,437.62/kg
  • 8-year-old FFB: Rp 2,468.65/kg
  • 9-year-old FFB: Rp 2,470.38/kg
  • 10-20-year-old FFB: Rp 2,438.36/kg
  • 21-year-old FFB: Rp 2,391.19/kg
  • 22-year-old FFB: Rp 2,338.54/kg
  • 23-year-old FFB: Rp 2,278.73/kg
  • 24-year-old FFB: Rp 2,233.78/kg
  • 25-year-old FFB: Rp 2,196.45/kg

In addition, the prices for other palm products are as follows:

  • Crude palm oil (CPO): Rp 11,145.94/kg
  • Palm kernel: Rp 5,100.07/kg
  • Shell: Rp 15.63/kg

The P index is 91.66%, and the indirect operational cost stands at 1.46%.. (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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