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CPO Purchase by China, Ministry of Trade: Not Issue with Palm Cooking Oil Stock



CPO Purchase by China, Ministry of Trade: Not Issue with Palm Cooking Oil Stock

InfoSAWIT, JAKARTA – Minister of Trade, Zulkifli Hasan claimed, crude palm oil (CPO) purchase by China will not raise palm cooking oil issue in Indonesia. This would not bother palm cooking oil needs. By having abundant stocks, palm cooking oil would be still at the highest retail price, at Rp14.000/liter.

“I guarantee palm cooking oil price would not be more expensive but remain stable. Palm cooking oil material is abundant. Many CPO storage tanks are full still,” he said, as in the official statement to InfoSAWIT, Thursday (28/7/2022) in Jakarta.

He also mentioned, domestic market obligation and domestic price obligation (DPO) would remain available to guarantee palm cooking oil material supply remaining stable. This is about to maintain that the people could afford bulk and premium palm cooking oil and stable price in this country.

“The two schemes would be in relaxation but after every palm cooking oil producer and CPO industry commit to guarantee palm cooking oil material continuously,” Minister Zulkifli told. (T2)


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