InfoSAWIT, JAKARTA – Ministry of Trade planned to revise domestic market obligation on crude palm oil (DMO CPO). It would potentially change the price and portion on the products that would be sold in the markets locally, as Director of Daily Needs and Important Goods, Ministry of Trade, Bambang Wisnubroto, said, Monday (29/7).

DMO policy mandatated that every CPO producer should sell their production to the markets locally with limited price to get export permit. This is about to confirm palm cooking oil supply affordable for the people of Indonesia. But by the plan to revise CPO DMO, it would have something to do with products’ price in the local markets.

As InfoSAWIT quoted from Kontan, Bambang Wisnubroto did not tell the details about the changing regulation. He just said that the ministry targeted the revision would be published this week. This showed that the government would be urgent to adjust the policy to maintain the balance between the consumers and producers’ interests.

Until now the export quota reached four times from CPO volume that a company supplied in DMO scheme. The additional quota would be delivered to the company that sold in smaller numbers and for housing, not in big numbers. The DMO revision should escalate CPO distribution efficiently and effectively, and confirm that palm cooking oil would be available in economic price in the markets locally. (T2)