FFB Price in West Sulawesi on February 2024 Rise

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FFB Price in West Sulawesi on February 2024 Rise. Photo by: Sawit Fest 2021 / Khamidi Setyobudi

PALMOILMAGAZINE, MAMUJU – On Wednesday (7/2/2024), the West Sulawesi Plantation Agency convened in Mamuju to determine the ‘P’ index and the quantity of fresh fruit bunches (FFB) produced by planters in West Sulawesi for February 2024.

This meeting aimed to establish guidelines for mills to procure FFB production from smallholders, in accordance with Regulation of the Minister of Agriculture Number 01/Permentan/KB.120/1/2018, which outlines the criteria for determining FFB produced by smallholders.

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The FFB price serves as a crucial benchmark for smallholders partnering with companies (mills), ensuring compliance and preventing unhealthy competition among mills. The primary objective is to provide certainty and protection, ensuring that smallholders receive fair prices for their FFB production.

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In the meeting FFB team decided that the 10-20 year old FFB in February 2024 would be Rp. 2.240,89/kg, increases from January 2024 that was Rp. 2.208,23/kg. it showed FFB price in the province is stable in January.

Alhamdulillah, FFB price making involved the cooperation among the team. The result is that it increases Rp. 32,66,” Head of Plantation Agency West Sulawesi Province said, as Palmoilmagazine.com quoted from the official page of West Sulawesi Province, Thursday (8/2/2024).

Herdin, one FFB team said that the price was from data of the companies and from field adjustment.

The meeting was attended by FFB price team that consisted of many agencies in West Sulawesi Province, such as, industry and trade Agency, transportation agency, labor agency, agriculture agency, bureau of economy and development administration, and legal bureau.

Many agencies in district levels did attend it, such as, Plantation Agency Regency of Mamuju, Food Security and Agriculture Regency of Mamuju Tengah, and Plantation and Livestock Agency Regency of Pasangkayu. Assistant II West Sulawesi Secretariat and representatives from West Sulawesi Province did too.

In the FFB decision, every company should obey and implement the regulation (price). The price would be available from 7 February 2024 to the next period decision. (T2)

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