Palm oil FFB prices rise after tighter government oversight
Padang, West Sumatra, June 18 -- Agriculture Minister Andi Amran Sulaiman said around 90 percent of palm oil companies have raised the prices of fresh fruit bunches (FFB) paid to farmers following the government's intensified trade supervision.
"FFB prices have increased. Previously, around 80-85 percent of companies had adjusted their prices, and now the figure is close to 90 percent. However, we are still investigating companies that have yet to make adjustments," he said in a statement on Thursday.
According to Sulaiman, government efforts to protect millions of palm oil farmers are beginning to deliver positive results. Following interventions by the Ministry of Agriculture, supported by the National Police Food Task Force, FFB pric...
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