"The CPO price hike was followed by an increase in the prices of palm kernel and fresh fruit bunches (FFB) of oil palm," Putri Rainu, from the provincial agency determining the price of oil palm FFB, said here, Saturday.
The price of FFB of oil palm older than three years rose this week from Rp984 to Rp1,018 per kilogram, Putri said.
Meanwhile, the price of palm kernel rose from Rp3,771 to Rp4,066 per kilogram.
The price of FFB of three-year old oil palm was Rp1,018 per kilogram. The FFB prices were Rp1,084 per kilogram of 4 year old trees, Rp1,134 per kilogram of five year old trees ,Rp1,181 per kilogram of six year old trees.
The prices are higher for FFB of old trees . The price of FFB of oil palm tree ranging in age from 10 to 20 years 1,300 per kg but lower for FFB of plants older than 20 years.
The prices of CPO , FFB and kernel are determined by a team of plantation companies (producers , cooperatives and oil palm farmers.
CPO is one of the largest export earners of Indonesia.
The country is the world largest producer of palm oil and Jambi is one of its major producing provinces.
(T.SYS/C/H-ASG/F001) 19-12-2015 09:58:18