Apart from CPO, the prices of palm kernel and fresh fruit bunches also droppedJambi (ANTARA) - The price of crude palm oil (CPO) per kilogram in Jambi Province for the June 24-July 1 period this year plunged considerably by Rp256 to reach Rp8,725, from Rp8,981.
"Apart from CPO, the prices of palm kernel and fresh fruit bunches also dropped," spokesperson for the Jambi provincial fresh fruit bunch pricing committee Putri Rainun noted in a written statement released on Saturday.
The price of fresh fruit bunches also decreased by Rp61 per kilogram, from Rp1,659 per kilogram to Rp1,598 per kilogram, while the price of palm kernel per kilogram dropped significantly by Rp600, from Rp6,333 per kilogram to Rp5,733 per kilogram.
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Fresh fruit bunches are priced at Rp1,598 per kilogram for palms three years after planting, Rp1,700 per kilogram for palms four years after planting, Rp1,779 per kilogram for palms five years after planting, Rp1,854 per kilogram for palms six years after planting, and Rp1,900 per kilogram for palms seven years after planting.
Meanwhile, fresh fruit bunches cost Rp1,940 per kilogram for palms eight years after planting, Rp1,979 per kilogram for palms nine years after planting, Rp2,039 per kilogram for palms 10 to 20 years after planting, Rp1,977 per kilogram for palms 21 to 24 years after planting, and Rp1,884 per kilogram for palms more than 25 years after planting.
The prices of CPO, fresh fruit bunches, and palm kernel are set on the basis of an agreement between the pricing committee, CPO producers, cooperatives, and palm oil growers, as well as aligns with regulations of the agriculture minister and the governor.
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Translator: Nanang Mairiadi/Suharto
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