PALMOILMAGAZINE, PEKANBARU – According to the recent announcement from the Fresh Fruit Bunch (FFB) Team of Independent Smallholders and the FFB Documents for Independent Smallholders in Riau Province dated November 29 to December 5, 2023, there has been a decision to reduce the price of 9-year-old FFB from Rp 51.82/Kg to Rp 2,520.12/Kg.
Here is the updated FFB price list for independent smallholders in Riau Province, sourced from Palmoilmagazine.com and the Plantation Agency of Riau Province:
- 3-year-old FFB: Rp 1,931.14/Kg
- 4-year-old FFB: Rp 2,166.92/Kg
- 5-year-old FFB: Rp 2,338.99/Kg
- 6-year-old FFB: Rp 2,433.30/Kg
- 7-year-old FFB: Rp 2,486.80/Kg
- 8-year-old FFB: Rp 2,518.42/Kg
- 9-year-old FFB: Rp 2,520.12/Kg
- 10-20-year-old FFB: Rp 2,487.44/Kg
- 21-year-old FFB: Rp 2,439.34/Kg
- 22-year-old FFB: Rp 2,385.64/Kg
- 23-year-old FFB: Rp 2,324.66/Kg
- 24-year-old FFB: Rp 2,278.82/Kg
- 25-year-old FFB: Rp 2,240.75/Kg.
Palm oil market prices currently stand at Rp. 11,454.00/kg for crude palm oil (CPO), Rp 5,214.46/kg for palm kernel, and Rp 19.06/kg for palm shell, all under the P index of 90.71%. Additionally, there is an indirect operational cost of 1.32. (T2)
Disclaimer: this is about to inform FFB price lists from what local agency decided; it could be different from the spot.
