Taking into account the price of fresh palm fruits (FFB), crude palm oil (CPO), and palm oil Fresh Fruit (TBS) in Jambi Province on April 12-18, 2019, the CPO price recorded an increase of Rp133 to Rp6,659 per kilogram from Rp6,526 during the earlier period.
"The price had vacillated in the earlier periods on the basis of a decision based on the agreement reached between the CPO price formulation team in Jambi and the farmers, palm oil plantation companies, and related parties.
The TBS price of the three-year planting age for this period was set at Rp1,120 per kilogram; four-year planting age at Rp1,188 per kilogram; five-year planting age, Rp1,243 per kilogram; six-year planting period, Rp1,296 per kilogram; and seven-year planting age, Rp1,329 per kilogram.
The eight-year planting period is valued at Rp1,356 per kilogram, the nine-year planting age is set at Rp1,383 per kilogram; the 10-20-year planting age at Rp1,424 per kilogram; 21-24-year planting age at Rp1,380 per kilogram; and for above 25 years at Rp1,315 per kilogram.
The prices of CPO, FFB, and palm kernel was set on the basis of the agreement of the drafting team at a meeting in which entrepreneurs, cooperatives, and local palm oil farmer groups attended and was in line with the Minister of Agriculture's regulations and governor regulations.