News

Indonesia: The price of palm oil in Southwest Aceh has risen to Rp 2,110 per kilogram

RBD Palm Oil
Indonesia
Market & Price Trends
Published Feb 24, 2024

Tridge summary

The Indonesian Palm Oil Farmers Association (Apkasindo) of Southwest Aceh Regency has reported a rise in the price of fresh fruit bunches (FFB) for palm oil to IDR 2,110 per kilogram. This increase is due to external factors such as the price of crude palm oil (CPO) at export ports and transportation costs, as well as internal factors like the local average CPO yield content. The association suggests that farmers can boost CPO yields through improved plantation management and high-quality seeds. Apkasindo is also advocating for government policies that support the palm oil industry, including market prices, transportation costs, and fertilizer price policies.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

REPUBLIKA.CO.ID, BANDA ACEH -- The Indonesian Palm Oil Farmers Association (Apkasindo) of Southwest Aceh Regency said that the price of fresh fruit bunches (FFB) for palm oil at factory level in the area since Wednesday (21/2) has increased to IDR 2,110 per kilogram. "The price of FFB at PT Mon Jambee is IDR 2,110 per kilogram, while at PT SMS (Sawit Mas Sejahtera) IDR 2,080 per kilogram. This price is IDR 30 higher compared to two weeks ago," said Chairman of Apkasindo Aceh Barat Daya Muslim Hasan in Blangpidie, Friday (23/2/2024). He assessed that the increase in the price of palm oil FFB in the district was influenced by several factors, both external and internal. For external factors, he continued, it is influenced by the price of crude palm oil (CPO) at the export ports of Belawan Medan and Dumai Riau, as well as transportation costs incurred by palm oil factory entrepreneurs (PMKS) to transport CPO to Belawan Medan. Meanwhile, internal factors are influenced by the local ...
Source: Republika
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