Indonesia: East Kalimantan palm oil TBS prices continue to rise in three periods

REPUBLIKA.CO.ID, SAMARINDA -- The price of Fresh Fruit Bunches (FFB) harvested from trees aged 10 years and over in East Kalimantan Province has increased in three consecutive periods, so that for the period 16-31 January this rose to IDR 2,339.78 per kg. "In the period 16-31 December 2023, the price of FFB from palm trees aged 10 years and over is IDR 2,292.70 per kg, 1-15 January increases to IDR 2,304.41, and for the period 16-31 January it again increases to IDR 2,339.78 per kg," said Head of the East Kalimantan Province Plantation Service, Ahmad Muzakkir in Samarinda, Wednesday (31/1/2024). Muzakkir, who is also the Head of the East Kalimantan TBS Pricing Team, continued that the FFB price determination which is carried out every two weeks is aimed at protecting palm oil planters. Protection for planters is carried out so that the price of FFB is not too low. Meanwhile, for companies, prices are not too high, so that there is a balance between farmers and buyers. This price ...