- The Government of Indonesia has decided to permit exports of cooking oil again starting from Monday, 23 May 2022. However, said exports will be subject to tight monitoring and supervision in order to ensure the fulfillment of domestic supplies at affordable prices. This decision was made based upon the current supply rate and prices of cooking oil, while also taking the 17 million Indonesians currently working within the palm-oil sector into consideration.
- The previously implemented export ban on cooking oil has had a positive impact on national average prices and supplies of this important staple commodity. In this regard, the national average price of cooking oil has dropped from Rp. 19,800 to Rp. 17,200 – Rp. 17,600 per liter, while supplies have increased from 64.5 tons/month to 211,000 tons/month as a result of the export ban.
- In addition to lifting the export ban on cooking oil, the government will also continue to work to uncover potential violations and misappropriations relating to the distribution and production of cooking oil. Moreover, the government will continue to simplify and adjust the various procedures and regulations that apply at the Palm Oil Plantation Fund Management Agency (Badan Pengelola Dana Perkebunan Kelapa Sawit/BPDPKS). (SETKAB)
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