The Price of Fresh Fruit Bunches of Riau CPO Up Rp 26.14 / Kilogram

INDUSTRY.co.id - Pekanbaru - Price of CPO palm fruit bunches in Riau period 11-17 April 2018 for 10-20 years old group recorded at Rp 1,900,63 / kg or increased by Rp26,14 / kg compared to the price of the previous week Rp1. 874.49 / kg.

"The increase in Riau's palm oil prices is triggered by the rise in the selling price of CPO from all sources, although the selling price of kernels is declining, but it does not affect the price," said Head of Department of Food Crops, Horticulture and Plantation Riau Ferry HC Ernaputra in Pekanbaru , Tuesday (10/4/2018).

According to Ferri, the price of CPO from PTPN V increased by Rp 97.87 / kg, Sinar Mas Group experienced an increase in price of Rp113.06 / kg, and PT Astra Agro Lestari Group experienced an increase in price of Rp 77.28 / kg .

Next PT Asian Agri Group experienced an increase in price of Rp 88.85 / kg, PT. Citra Riau Sarana increased price by Rp59,00 / kg, and from PT. Musim Mas increased by Rp 91.00 / kg from last week's price.

As for the selling price of the kernel, he said, from PT Sinar Mas Group decreased by Rp 66.66 / kg, Astra Agro Lestari Group decreased the price of Rp 9.09 / kg, Asian Agri Group decreased the price of Rp143.92 / kg , and PT. Citra Riau Sarana decreased by Rp 2.00 / kg from last week's price.

"Riau palm oil prices for the 15th period of April 11-17, 2018 have increased in every age group of oil palm, with the largest increase is in the 10-20 year age group which experienced price increases of Rp26.14 / kg or reached 1.39 percent from last week's price, so the TBS price of the current period for the 10-20 year age group becomes Rp1,900.63 / kg, "he said.

He said that external factors triggered the rise in Riau's oil prices due to the backlog of exports, strong demand coming from China, India and Pakistan ahead of Malaysia's export tax.

In addition, lower-than-expected production growth and declining stocks were also positive sentiment that raised CPO prices.

He mentioned, the price of CPO Riau for three years is Rp1.360,63.kg, age four years Rp1.519,15 / kg, age five years Rp1.625,51 / kg, age six years Rp1.673, 54 / kg, and the age of seven years Rp1.737,35 / kg, age eight years Rp1.791,53 / kg, age nine years Rp1.849, 20 / kg.

The price of TBS CPO Riau for the age of 21 years Rp1.854,69 / kg, age 22 years Rp1.808,01, age 23 years Rp1.762,07 / kg, and age 24 years Rp1.743,55 / kg, and age 25 years Rp1.669,46 / kg, with index K: 91.97 percent and CPO price Rp8.056, 53 / kg, kernel price Rp5.973, 80 / kg. (Ant)