Export Ban, Price of Bulk Cooking Oil Falls in Several Regions

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Viva Budy Kusnandar 28/04/2022 14:20 WIB

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Several days after President Jokowi announced a ban on exports, the price of bulk cooking oil was recorded as having fallen in a number of provinces.

10 Provinces with the Biggest Decreases in Crude Palm Oil Prices (April 22-27, 2022)

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Export Ban, Price of Bulk Cooking Oil Falls in Several Regions

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10 Provinces with the Biggest Decreases in Crude Palm Oil Prices (April 22-27, 2022)

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The price of bulk cooking oil in several provinces has decreased.

This occurred a few days after President Jokowi first announced plans to ban the export of cooking oil and its raw materials on Friday, April 22, 2022.

Here are the 10 provinces with the largest decrease in bulk cooking oil prices during the period of April 22-27, 2022:

* West Sulawesi: down Rp2,250 to Rp21,750/kg
* Papua: down Rp2,250 to Rp20,500/kg
* Central Java: down Rp800 to Rp18,650/kg
* West Kalimantan: down Rp800 to Rp18,100/kg
* Central Sulawesi: down Rp500 to Rp25,000/kg
* West Java: down Rp450 to Rp20,450/kg
* North Sumatra: down Rp400 to Rp17,450/kg
* South Kalimantan: down Rp350 to Rp18,750/kg
* Gorontalo: down Rp350 to Rp28,500/kg
* West Sumatra: down Rp250 to Rp16,400/kg

However, some provinces also recorded an increase in bulk cooking oil prices during the period of April 22-27, 2022, namely:

* South Sumatra: up Rp800 to Rp19,500/kg
* Banten: up Rp450 to Rp17,150/kg
* East Java: up Rp200 to Rp18,550/kg
* West Nusa Tenggara: up Rp100 to Rp20,400/kg

Amidst this situation, President Jokowi has asked the palm oil industry to prioritize domestic needs.

“The volume of cooking oil raw materials that we produce and export is far greater than domestic needs; there is still a very large remaining capacity. If we all want to and intend to prioritize meeting the needs of the people, domestic needs can easily be met,” said Jokowi in his press release on Wednesday (27/4/2022).

President Jokowi emphasized that the export ban on cooking oil and its raw materials is effective starting April 28, 2022, until further notice.

“This ban does have negative impacts, potentially reducing production and farmers’ harvests that are not absorbed. However, the aim of this policy is to increase domestic supply until supply is abundant,” said Jokowi.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Export Ban, Price of Bulk Cooking Oil Falls in Several Regions

Export Ban, Price of Bulk Cooking Oil Falls in Several Regions

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