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Today’s Price of Palm Oil FFB per Kilogram in Jambi and Riau along with the Average in 22 Provinces Still Drops

DIY NEWS – Check out the price of FFB for palm oil today, Saturday, June 11, 2022, per kilogram in Jambi and Riau, along with the average in 22 provinces of Indonesia, which are still dropping.

After the lifting of the ban on the export of CPO and cooking oil since May 23, 2022, the price of palm oil FFB per kilogram today or during this period is still decreasing in Jambi, Riau, and 22 provinces.

There are areas that regularly update the price of palm FFB per kilogram, including the provinces of Riau and Jambi along with monitoring from Apkasindo in an average of 22 provinces.

Several factors influence why the price of palm FFB per kilogram is still falling, among them some factories refuse to buy FFB on the grounds that their tanks are full due to the difficulty of selling CPO.

Also Read: Today’s Palm Oil FFB Price per Kilogram and Per Ton According to the Planting Age Group until the Reason It’s Still Down

Meanwhile, according to the Head of the Riau Province Plantation Service, Zulfadli said the decline in FFB prices was due to internal and external factors.

The internal factor that triggered the FFB price to fall was the decline in the selling price of CPO from the company that became the data source.

Furthermore, he explained the reason why the price of FFB fell from external factors was due to the lack of companies setting prices.

“Meanwhile, from external factors, after the revocation of the ban on exporting cooking oil, CPO and its derivatives, although it has been announced for the Riau region, only two companies have made sales to set prices,” he said, quoted from riau.go.id.

Also Read: Today’s Palm Oil FFB Price Per Kilogram in Riau, Bengkulu, Jambi, and the Average in 22 Provinces of Indonesia

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