Cooking Oil Prices in North Maluku Highest in Indonesia (January 6, 2022)

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Viva Budy Kusnandar 06/01/2022 15:30 WIB

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Unbranded cooking oil in North Maluku's traditional markets is sold at IDR 22,250 per liter. This is the highest price compared to other provinces.

10 Provinces with the Highest Prices for Bulk Cooking Oil (January 6, 2022)

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Cooking Oil Prices in North Maluku Highest in Indonesia (January 6, 2022)

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10 Provinces with the Highest Prices for Bulk Cooking Oil (January 6, 2022)

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The National Strategic Food Price Information Center (PIPHS) reports that the price of affordable cooking oil (loose/bulk) in several provinces has exceeded Rp 20,000 per liter. The price of bulk cooking oil in traditional markets in North Maluku is the highest in Indonesia, at Rp 22,250 per liter.

Meanwhile, in Gorontalo's traditional markets, bulk cooking oil is sold for Rp 22,000 per liter, making it the second most expensive in the country. Following in third place, the price of bulk cooking oil in DKI Jakarta is Rp 20,650 per liter, West Java Rp 19,900 per liter, and North Kalimantan Rp 19,750 per kg.

In the Riau Islands' traditional markets, bulk cooking oil is sold for Rp 19,720 per liter. This is followed by Lampung at Rp 19,700 per liter, East Java at Rp 19,500 per liter, South Sumatra at Rp 19,450 per liter, and Riau at Rp 19,300 per liter.

The increase in the price of bulk cooking oil domestically is driven by rising crude palm oil (CPO) prices in both local and global markets. As is known, palm oil is the main ingredient in cooking oil.

Quoting the Bappepti website, the CPO price in the Medan spot market at the beginning of January 2021 was traded at Rp 14,912.68 per kg. However, by the end of December 2021, it had increased by 34.46% to Rp 20,051.52 per kg.

Editor : Annissa Mutia

"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."