InfoSAWIT, JAKARTA – After Crude palm oil Supporting Fund (CSF) was launched in December 2018 which is managed by Palm oil Plantation Fund Management Agency (PFMA), it is temporarily stopped. But it is planned to run again by saying that the crude palm oil (CPO) is getting better price.
According to Vice Chairman of Permanent Committee of Plantation Development, Indonesian Chambers and Industries, Teguh Patriawan, what the government would do could disturb the CPO price.
“The CSF about US$ 25/ton if the CPO is US$ 570/ton would influence the CPO price,” he said, Friday (1/3/2019) in Jakarta.
He also proposed that it is better if the government hold on not to run CSF until it is nearly normal. Besides the CSF runs using the lower limit which means that there would be no citation if the CPO is lower than US$ 570/ton.
This, he continued, would make the CPO less than US$ 570/ton. “I wonder as the businessman, do you want that the CPO is US$ 571/ton or US$ 565/ton?” he asked. (T2)