The Expensive Palm Cooking Oil Could Indicate Cartel

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The Expensive Palm Cooking Oil Could Indicate Cartel

InfoSAWIT, MEDAN – Chairman of Komisi Pengawas Persaingan Usaha (KPPU) Region I, Ridho Pamungkas said, there are signals of cartel from the expensive palm cooking oil.

He questioned, the cheaper crude palm oil (CPO) and the abundant stock did not manage the cheaper palm cooking oil significantly. He continued, Pusat Informasi Harga Pangan Strategis (PIHPS) mentioned, number one brand palm cooking oil in Medan on 25 May 2022 was Rp 24.100. Now it is Rp 23.200 or decreases only 3,7%.

“It means, the price disparity between CPO and palm cooking oil price increased from Rp.10.354 on 25 May to be Rp.15.911 for now. This could be cartel signal,” he said to some journalists in Medan, Saturday (9/7/2022)

KPPU did appreciate the audit in palm oil sector nationaly by Badan Pengawasan Keuangan dan Pembangunan (BPKP) and related instances, including the Attorney. (T5)

the same discussion was published in with the title © Stok CPO Melimpah, Harga Minyak Goreng Tetap Mahal. Ada Sinyal Kartel!