The rising price of Indonesia's palm kernel fruit bunches in December 2020

The latest data released by the palm oil association of Indonesia has shown that the reference price of palm kernel fruit bunches (PKF) in December of 2020 has been set at IDR 1858/Kg, up to IDR 93/Kg from its last reference price in November 2020 or around 5% increase. The rise in the price of PKF is mostly driven by the high demand for this commodity. There are efforts to improve the national production output as we head into the end of the year.