Palm oil export ban will hurt us, farmers say

2022.04.26 13:47:34

Workers at an oil palm plantation in Pekanbaru, Riau, move harvested palm fruits onto a truck to be transported off for processing into crude palm oil (CPO), on Monday.(AFP/Wahyudi)이미지 확대

Workers at an oil palm plantation in Pekanbaru, Riau, move harvested palm fruits onto a truck to be transported off for processing into crude palm oil (CPO), on Monday.(AFP/Wahyudi)

Indonesian farmers fear the government-imposed ban on palm oil exports will see fresh fruit bunch (TBS) prices free fall amid an expected domestic supply glut. Henry Saragih, chairman of the Indonesian Farmers Union (SPI), said some regions had seen TBS prices drop 30 percent to 50 percent since the crude palm oil (CPO) export ban was announced last Friday. He cited figures reported by palm oil farmers in Riau and North Sumatra that TBS prices in those areas had declined to between Rp 1,700 (12 US cents) and Rp 2,000 per kilogram.

https://www.thejakartapost.com/business/2022/04/25/palm-oil-export-ban-will-hurt-us-farmers-say.html

By Jakarta Post

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