Indonesia: High demand, palm seed prices recorded to increase

Published 2024년 10월 11일

Tridge summary

The price of oil palm seedlings in Indonesia has increased due to rising market demand and production costs, with the cost per stem ranging from IDR 50,000 to IDR 60,000 in various regions. This price hike is attributed to the high demand from independent farmers and oil palm plantation companies. However, a discrepancy in pricing between seedlings sold in the free market and those provided through the government's people's oil palm rejuvenation program (PSR) is causing concern among breeders, leading to uncertainty and inefficiencies in the program's implementation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chairman of the Indonesian Plantation and Forestry Seed Producers Association, Masrizal Batubara, welcomed the significant increase in the price of oil palm seedlings in various regions of Indonesia. ADVERTISEMENT The cause is the increasing market demand, especially from independent farmers who want to rejuvenate their oil palm plantations, as well as the increase in production costs. Also Read: Minister of Industry Optimistic that Palm Oil Downstreaming Will Reach IDR 775 Trillion According to Masrizal, the price of oil palm seedlings currently reaches IDR 50,000 to IDR 55,000 per stem. In fact, in certain areas such as Ketapang, West Kalimantan, the price of seedlings can even reach IDR 60,000 per stem. Especially for superior varieties such as DxP Dami Mas or varieties resistant to Ganoderma disease. "The price of seedlings has increased quite significantly. However, several breeders reported that their seedlings had been sold out before they were ready to be distributed," ...

Source: Wartaekonomi