Palm kernel shell price
There are many factors affecting the price of palm kernel shell in Indonesia. Below are some of the major few factors that affecting the palm kernel shell price in Indonesia.
SUPPLY vs DEMAND
Like other commodities in the world, supply and demand play the most role in the price. The price of palm kernel shell is sky-rocketing in the last few years thanks to increasing demand from Japan, Korea, Thailand, China, and local demand to use palm kernel shell as biomass fuel.
Screening or non-screening are common among suppliers and buyers to define the quality of the final product sold. Screening takes more time and efforts thus increase the price compared to palm kernel shell that are non-screened.
The next factor is INCOTERM stated in the price offered. Is it FOB in Indonesian port or CIF to destination port? This information can be found in buying contract between buyer and seller. In priciple, the more responsibilites the seller hold, the higher the price will be.
TAX AND LEVIES
Tax and levies has been set by goverment rules and regulation back in 2013. It has been revised multiple time ever since.
We have made an article to discuss more detail about it and how you can learn where those prices come from. Read the article here.
Palm kernel shell price 2020
(in USD/ MT)
- in USD
Nb. The price above is an average price based on data collected from suppliers in database of palmkernelshell.id.