- Due to ongoing problems relating to the distribution of cooking oil across the nation, Indonesia’s Minister of Trade, Muhammad Lutfi, has decided to raise the Domestic Market Obligation (“DMO”) for cooking oil to 30% from the previously applicable rate of 20%. This new DMO rate comes into force on 10 March 2022 and will remain in place until the domestic cooking oil distribution problems have stabilized or until the general public is able to purchase cooking oil at the following maximum retail prices, as determined by the government: 1) Bulk cooking oil: Rp. 11,500/liter; 2) Simple packaged cooking oil: Rp. 13,500/liter; and 3) Premium packaged cooking oil: Rp. 14,000/liter.
- According to Mr. Lutfi, between 14 February 2022 and 8 March 2022, 415,787 tons of packaged and bulk cooking oils were distributed across markets nationwide from a total accumulated cooking oil DMO of 573,890 tons. This DMO distribution exceeded the estimated national monthly cooking oil consumption rate of 327,321 tons.
- In addition, total exports of crude palm oil and related derivative products reached 2,771,294 tons during this period, while 126 exports were undertaken by 56 exporters. (ANT)
......
Subscribe to read more legal analysis.
Hukumonline Pro Intelligence
Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda
*Syarat dan ketentuan berlaku
Ada Pertanyaan? Hubungi Kami 
Professional Solutions
University Solutions
Pro
My Workspace
Pro AI
Terfavorit
Allex QnA
Pro Compliance
