Palm Oil Fruit Bunches are stable at high price levels, while dropped by 0.3-1.5%

The price of palm oil fruit bunches at the farmergate level is still high, although earlier this week the price in Sumatra was weakened by 0.3-1.5%. Farmers are still confident that prices will show an increase again this month driven by the upward trend in CPO prices.

The uptrend price of the oil palm products and optimistic predictions about the future of palm oil products will motivate farmers to rejuvenate their crops and expand new planting areas. The rainy season, from October to May, is the perfect time to plant the palms trees. This will drive an increase in the demand for oil palm seeds in the market.