The price of fresh fruit bunches (TBS) rose by Rp186 to reach Rp2,081, from Rp2,007 per kg, while the price of palm kernel plummeted by Rp186 to reach Rp5,538, from Rp5,724 per kg, spokesperson for the Jambi provincial TBS pricing committee Putri Rainun noted in a written statement released on Saturday.
The prices of CPO and TBS continued to increase in the past few weeks in line with the decision and agreement reached by the CPO pricing team, palm oil farmers, palm oil plantation companies, and other relevant parties.
Related news: RI, Dutch concur on intensifying cooperation over sustainable palm oil
TBS were priced at Rp2,081 per kg for palms three years after planting, Rp2,200 per kg for palms four years after planting, Rp2,303 per kg for palms five years after planting, Rp2,400 per kg for palms six years after planting, and Rp2,451 per kg for palms seven years after planting.
Meanwhile, TBS cost Rp2,511 per kg for palms eight years after planting, Rp2,562 per kg for palms nine years after planting, Rp2,636 per kg for palms 10-20 years after planting, Rp2,554 per kg for palms 21-24 years after planting, and Rp2,430 per kg for palms over 25 years after planting.
The prices of CPO, TBS, 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.
Related news: Palm and rubber commodities remain mainstay for West Kalimantan
Related news: Mixing vaccines for booster dose acceptable: Health Minister
Translator: Nanang Mairiadi, Suharto
Editor: Fardah Assegaf
Copyright © ANTARA 2021
