The price of crude palm oil in Jambi province for the June 18-24, 2021 period fell by Rp1,281 per kilogram from Rp10,262 per kilogram to Rp8,983 per kilogram, according to the CPO pricing team.
The price of fresh fruit bunch also dropped Rp214 per kilogram from Rp1,873 per kilogram to Rp1,659, while the price of palm kernel declined by Rp204 per kilogram from Rp6,537 per kilogram to Rp6,333 per kilogram, spokesman for the Jambi provincial fresh fruit buch pricing team Putri Rainun, said in a written statement released on Sunday.
The prices of fresh fruit bunch are pegged at Rp1,659 per kilogram for three-year old planting, Rp1,767 per kilogram for four-year old planting, Rp1,849 per kilogram for five-year old planting, Rp1,926 per kilogram for six-year old planting and Rp1,975 per kilogram for seven-year old planting.
Meanwhile, the prices of fresh fruit bunch are set at Rp2,017 per kilogram for eight-year old planting, Rp2,057 per kilogram for nine-year old planting, Rp2,120 per kilogram for 10-to-20-year old planting, Rp2,055 per kilogram for 21-to24-year old planting and Rp1,960 per kilogram for more than 25 year-old planting.
The prices of CPO, fresh fruit bunch and palm kernel are set based on an agreement between the pricing team, CPO producers, cooperatives and oil palm growers, regulations of the agriculture minister and the governor. (Antaranews)