Riau Palm Oil Prices Dropped Slightly Today

Nafa Lightyani

Riau Palm Oil Prices Dropped Slightly Today

Rancakmedia.com – If you want to know the price Palm oil Riau today, this is the right article. In the period 20-26 April there was a decline based on the age of the oil palm.

The highest reduction loss occurred in oil palm aged 10-20 years, amounting to 83,79/kg or 2,14% from the price a week ago. So the purchasing price of farmers' FFB for the next one week period drops to IDR 3.830,68/Kg.

Head of the Riau Plantation Service, Zulfadli, indicated that the decline in FFB prices was driven by internal and external factors. Even though CPO prices had risen, the decline in kernel prices also pushed FFB prices down during that period.

"Because there are no companies selling kernels, the average kernel data collected from KPBN is priced at IDR 10.394," he said.

Meanwhile, CPO selling prices from various companies are the data sources. PTPNV raises selling price CPO was IDR 343,00/Kg compared to the previous week.

Then the Sinar Mas Group experienced a price increase of IDR 403,71/Kg from last week's price, the Astra Agro Lestari Group experienced a price increase of IDR 571,00/Kg from last week's price, PT. Asian Agri experienced an increase of Rp. 434.45/Kg from last week's price.

“Crude palm oil (CPO) prices, on the other hand, fell today due to external reasons. CPO prices increased 9,24 cents in the last quarter, according to Refinitiv data. “It's been a hundred years,” he said.

If CPO prices fall below MYR 6.260-6.326/ton, they will find support around MYR 6.392/ton. Due to uncertainty about world vegetable oil supplies due to the conflict in Ukraine.

"Local residents are not interested in plantation labor, so the palm oil sector is very dependent on foreign labor," he said of foreign workers in palm oil plantations.

Riau Province Palm Oil Price List

Price of Palm Oil TBS in Riau Province No. 16 is calculated as follows for the period 20-22 April 2022, as follows:

  1. Age 3 years (Rp. 2.833,92)
  2. Age 4 years (Rp. 3.066,08)
  3. Age 5 years (Rp. 3.347,12)
  4. Age 6 years (Rp. 3.427,11)
  5. Age 7 years (Rp. 3.561,08)
  6. Age 8 years (Rp. 3.659,11)
  7. Age 9 years (Rp. 3.743,94)
  8. Age 10-20 years (Rp. 3.830,68)
  9. Age 21 years (Rp. 3.670,13)
  10. Age 22 years (Rp. 3.651,95)
  11. Age 23 years (Rp. 3.636,80)
  12. Age 24 years (Rp. 3.485,33)
  13. Age 25 years (Rp. 3.402,03)

FAQ

The following is a question and answer session from the discussion we have conveyed above, please see below:

Normal Price of Palm Oil Per Kg?

The price of palm FFB at factory level is IDR 1.420 per kilogram. This figure has increased from the previous Rp. 1.000 per kilogram. According to Katabuna, the increase in FFB prices since the last week occurred due to the removal of export levies. This policy applies from July 15 to August 31, 2022.

What is the Price of Tbs Palm Oil?

The price of FFB for 5 year crops is set at IDR 1.732.14 per kg. This price continues to fall compared to that set on 16-30 June 2022. In that period, palm oil FFB for 3 year old plants was IDR 2.070.34 per kg while for t year it was IDR 2.221,50 per kg.

Palm Oil Prices in Malaysia?

The price of FFB from Malaysia is in the range of IDR 3.500 – IDR 4.500 per kg. In Indonesia, the price is cheaper.

Conclusion

The highest loss from the decline in palm oil prices occurred at the age of 10-20 years, amounting to 83,79/kg or 2,14% from the price a week ago. So the purchasing price of farmers' FFB for the next one week period drops to IDR 3.830,68/Kg.

In the article above we have provided a list of declines in prices for palm oil in Riau province, especially for palm oil aged 10-20 years which experienced the highest decline.

That's the article about the price of palm oil in Riau, hopefully the article above can be useful and helpful to all of you.

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Nafa Lightyani

I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends.