Tue, 14 Oct 2008
Jakarta (ANTARA News) - The current global financial crisis has adversely affected the self-reliant oil palm growers because the price of oil palm fruits has dropped.

Yayat Hudaya, Secretary of the Federation of Plantation Companies, Bengkulu chapter, said here on Monday that world demand for Indonesia`s crude palm oil had also declined.

"Global crisis has also reduced the destinations of Indonesia`s CPO exports, as many countries had cut their spendings which eventually led to a drop in the price of oil palm fruits," he said.

According to him, India and China have been the main destinations of Indonesian CPO exports, while European countries had reduced their Indonesian CPO imports since Indonesia still has no roundtable sustainable palm oil certificate linked to the environmental management of oil palm cultivation.

"In the international world, only two companies have such certificates, namely Malaysia`s United Plantation, and another in Papua New Guinea," he said.

To protect the production of self-reliant oil palm fruit growers, his office will in the near future organize a training of farmers to meet the standard of the RSPO.

In the meantime, Yayat said, CPO competitors like sunflower and soybean oils have reached high production levels, causing a drop in demands for CPO.

In the meantime, the price of fresh oil palm fruits continued to decline reaching Rp250 per kg, a kilo as what had happened in Seluma regency.

Sailun, of Penago village, Ilir Talo subdistrict, said the price of oil palm fruits kept on surging to Rp300 from Rp400 per kg, and today it dropped to Rp250 per kg. (*)



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