31/08/2022 (Nation World News) - There is an increase in the price of FFB for the period 31 August to 06 September 2022 in each age group of Oil Palm.

The highest increase is in the age group of 10-20 years RP. 113.69/kg or 4.66% from the previous week’s price.

So that the purchase price of FFB farmers will increase to Rs 2,551.33 per kg for the next one week period.

The head of Riau plantation office, Zulfdali, said on Tuesday (30/8) that the increase in FFB prices was due to internal factors and external factors. The internal factor for the increase in FFB prices during this period was due to an increase in the selling price of the CPO from the company which became the data source.

“For the selling price of the CPO, PTPN V sells the CPO at a price of Rp. 11,485.40/Kg and the price increases from the previous week’s price to Rp. 374.65/Kg. Sinar Mas Group CPO is sold at Rp. 11,244.00/Kg Sells at a price of Rp. 394.09/kg from last week’s price. Astra Agro Lestari Group is selling CPO this week at a price of Rp. 11,050/kg,” he said.

As far as the selling price of Kernel, PTPNV, Sinar Mass Group, Asian Agri Group and Musim Mas is concerned, there was no sale this week.

Then, Astra Agro Lestery Group sold the kernel this week at Rs 6,126.13/kg and pt. Citra Riau Sarana This Week Kernel to Rp. 6,125.00/Kg.

“Meanwhile, due to external factors, the reference price of crude palm oil (CPO) saw an uptrend this week. During this entire week, the CPO price for the November 2022 contract on the Malaysian Stock Exchange rose by 1.93% on a year-on-year basis. point to point (PTP). In fact, the characteristic of a CPO is that it is often influenced by the rate of prices of rival oil such as soybean oil.

“Soybean oil prices in Dalian closed up 0.85%, while soybean oil prices ended 0.12% on the Chicago Board of Trade. Fitch Solutions has seen a decline from an earlier swelling in Indonesia’s CPO inventory,” he said.

The following is the determination of the FFB price for palm oil in Riau Province No. 1. 34 Period 31 August – 6 September 2022:

age 3 years (RP 1,879.19);

age 4 years (RP 2,036.50);

age 5 years (RP 2,226,78);

https://nationworldnews.com/rise-again-here-are-riau-palm-oil-prices-next-week/