CPO prices in Palembang Up

PALEMBANG Price of crude palm oil (CPO) in South Sumatra on Wednesday was recorded Rp7.627 per kilogram, an increase compared to the previous which reached Rp7.095 per kg.
Head of the processing and marketing of plantation, Plantation Office of South Sumatra Minarsih said CPO prices in this area in recent months is not stable and always changes.
"The price of CPO in Sumatra always changes, because it is determined the agreement in meetings are held twice a month between the agencies with a number of planters plantation commodities," he said in Palembang, Wednesday, January 26, 2012.
In addition, he said, also relied with overseas markets, due in part to the CPO Sumatra exported to consumer countries.
According to him, rising and falling price of CPO was also greatly depends on the improvement of farmers' income. If an increase by itself the selling fruit or palm fresh fruit bunches (FFB) will follow suit.
He said that, in South Sumatra there are dozens of national and foreign private companies that manage oil palm plantations with a total area of ​​the range of 600 thousand hectares are scattered in some producing areas, such as in the District Muaraenim, Lahat, Pagaralam, Musibanyuasin, Banyuasin, Komering Ogan Ilir, Ogan Komering Ulu including Musirawas in the district.
CPO outcome, for this other than processed into bulk cooking oil is also marketed overseas to increase the supply of foreign exchange non-oil exports of South Sumatra.
Based on the data, exports of CPO Sumsel period from January to October 2011 recorded generate foreign exchange 4.362 billion U.S. dollars, an increase when compared to the same month in 2010 only 2.734 billion U.S. dollars.
Head of Distribution Statistics Central Bureau of Statistics of South Sumatra, Bismark, separately said that total foreign exchange earnings from non-oil exports Sumsel period from January to October 2011, which reached 4.362 billion dollars, obtained through a number of commodity.
He said a number of commodities are the main foreign exchange earner namely rubber, wood / wood products, shrimp, coffee, palm oil, coal, tea, and also there are some other products.
He added, the number of non-oil commodity exports Sumsel period from January to October 2011, the foreign exchange accounts for most of the rubber is still worth 3.392 billion dollars, followed by coal 107.670 million dollars, and the CPO in the third position with a value of 53.737 million U.S. dollars.(ANt/Eksp)