KPB Nusantara, the joint marketing office of state plantations, was forced to withdraw eight out of 13 CPO packages auctioned off Thursday (18,000 tons) due to low bids. Five other packages were sold at Rp6720 per Kg (VAT 10% included). That means net price for producers was around Rp6109/Kg or US$450 per ton only.To subscribe please click here
