Pekanbaru, Riau, Oct 1(antarariau.com) - The price of oil palm fresh fruit bunches (FFB) is set at Rp1,693 per kilogram in Riau in the first week of October , up from Rp1,671 in the past week.
The price of FFB is set by a special team setting the prices of FFB and crude palm oil (CPO) for a week ahead in Riau.
"The FFB price rise followed and increase in the price of CPO recorded by ten CPO producers," Karya Muslimat, secretary of local the association of oil palm farmers (ASPEK) said here on Tuesday.
The association groups plasma farmers in Riau Karya said the CPO price hike followed shrinking CPO stocks in the world and falling production in Riau, the largest CPO producing province in the country.
The falling value of rupiah against the US dollar also contributed to the rise in the CPO price, he said.
Indonesia is the world's largest producer and supplier of CPO to the world market.
Oil Palm Fresh Fruit Price up in Riau
