Sales of Palm Seeds in August Weakens

By : Herry Barus And Aldo Bella Putra | Thursday, August 24 2017 - 19:02 IWST

5166
5166

INDUSTRY.co.id - Medan - Director of Palm Oil Research Center, Hasril Hasan Siregar, said that the sales of palm seeds in August 2017 weakened due to lower crude palm oil selling price.

"Despite the weakening, PPKS Nasih is optimistic to sell palm oil sprouts as much as 13.5 million grains in the second half of 2017," he said in Medan, Wednesday (23/08/2017)

PPKS, he said, hopes that sales in the second semester will still be good as in the first semester of 2017 which rose slightly compared to the same period or as much as 8.9 million grains.

Sales in the first half rose slightly from the same period of 2016 which reached 8.6 million grains.

Hasril Hasan Siregar explained that after the first semester, sales have improved, in July demand is still improving and even increasing because PPKS can sell 1.5 million grains.

But in August, sales weakened so that the predicted sales of seeds in the month did not reach the target of 1.9 million grains.

According to him, still unstable demand for seeds follow the instability of the selling price of palm oil.

"However, although unstable, the price of palm oil in 2017 is still better than 2016 so it still excites the farmers," he said.

The price of CPO for example is still in the range of 600-750 US dollars per ton.

"Looking at the condition of better prices, then PPKS is still optimistic to realize the target of seed sales in the second half," he said.

Optimism, Hasril said, is also encouraged by the facts on the ground with many companies or farmers who are rejuvenating or replanting their palms.

The increase in replanting was triggered by the better selling price of fresh fruit bunches (TBS).

"Seeing the realization of a good first semester sales or 45 percent of total sales target in 2017 and the conviction that in the second semester remain good, then the total sales of 2017 is predicted to also be above the target of 20 millions grains," said Hasril. (Ant)

News Comment

Today's Industry

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…

Alvara Research

Sabtu, 26 November 2022 - 06:20 WIB

Turnover Rises High, Culinary MSMEs No Problem Paying OFD Platform Commissions

Online food delivery (OFD) services have accelerated the growth of food and beverage (F&B) MSMEs in Indonesia by 1.9 times faster compared to offline sales. OFD platforms enable MSMEs to have…

KB Bukopin Building. (Photo: Kompas.com)

Kamis, 24 November 2022 - 20:43 WIB

Shares Price Falling, Deficit IDR 6.99 Trillion, KB Bukopin Investors Not to Expect Dividends

The shareholders hope of issuers listed on the Indonesia Stock Exchange is of course to produce investment results in the form of capital gains and dividends obtained from the positive performance…

A Health exhibition of Banten Province on November 3-5, 2022 at ICE BSD, South Tangerang, Banten. (Photo: Banten Province PR)

Jumat, 18 November 2022 - 16:14 WIB

Premier Bintaro Hospital Assigned as Banten Medical Tourism Hospital

Banten Province hosted the 58th National Health Day by holding a health exhibition on November 3-5, 2022 at the Indonesia Convention Exhibition (ICE) BSD, South Tangerang, Banten.