Palm oil prices are predicted to remain high in this 1st quarter

The price of palm fruit bunches has stabilized at a high position. In Sumatra, weekly prices rose by around 3-5% due to demand from palm oil mills. The factories are competing and even go directly to farmers to get the raw materials. This price position is expected to be stable until the end of the first quarter of this year due to demand factors and falling production as farmers, especially small and medium-size plantation, begin to experience a shortage of fertilizer.