Sales of Palm Seeds in August Weakens
By : Herry Barus And Aldo Bella Putra | Thursday, August 24 2017 - 19:02 IWST

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)
Read Also
Sawit Sumbermas Sarana Preparing RSPO Virtual Tour for August 2021
Kao Corporation, Apical & Asian Agri Join Hands to Empower Smallholders…
Shared Responsibility Boosts Sustainable Palm Oil Absorption In Indonesia
RSPO Independent Smallholders Ride The Rough Patch of Covid-19
GAPKI: Thank you Indonesian Press
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment