InfoSAWIT, MEDAN – The North Sumatra Provincial Fresh Fruit Bunch (FFB) Price Setting Team has released its pricing decision for the period of November 20–26, 2024. FFB prices for palm oil aged 10–20 years saw a modest increase of IDR 7.55/kg, reaching IDR 3,611.23/kg.
According to data obtained by InfoSAWIT from the North Sumatra Plantation Office, the detailed FFB prices by tree age are as follows:
- 3 years: IDR 2,803.13/kg
- 4 years: IDR 3,067.05/kg
- 5 years: IDR 3,241.89/kg
- 6 years: IDR 3,333.29/kg
- 7 years: IDR 3,365.44/kg
- 8 years: IDR 3,453.23/kg
- 9 years: IDR 3,520.08/kg
- 10–20 years: IDR 3,611.23/kg
- 21 years: IDR 3,603.31/kg
- 22 years: IDR 3,554.24/kg
- 23 years: IDR 3,517.78/kg
- 24 years: IDR 3,397.19/kg
- 25 years: IDR 3,289.23/kg
Additionally, the prices for key palm oil derivatives have been set at:
- Crude Palm Oil (CPO): IDR 15,069.03/kg
- Kernel: IDR 10,229.24/kg
The K index for this period stands at 93.05%.
Price Trends and Field Variations
The slight increase in FFB prices reflects stable market conditions, though fluctuations may occur depending on supply chain dynamics. Farmers are advised that field prices may differ from the official rates due to logistical factors and market variances.
This pricing information serves as a guideline based on the official assessment by the North Sumatra Plantation Office. (T2)
