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81 Palm Cooking Oil Companies Should Fulfill the Supply for People, Micro and Small Businesses



81 Palm Cooking Oil Companies Should Fulfill the Supply for People, Micro and Small Businesses

InfoSAWIT, JAKARTA – There are 81 palm cooking oil companies that Minister of Industry obliges to provide bulk palm cooking oil for the people, micro, and small businesses. This is the follow up of what President Joko Widodo ordered that Coordinator Minister in Economy should coordinate. The total volume of bulk palm cooking oil to distribute by the companies would be 14 thousand tons per day.

This is what the government ordered to guarantee and fulfill bulk palm cooking oil needs within economic price for people, micro, and small businesses. It is strategic commodity that has something to do with many people and plays significant roles for social and economic in wider perspectives.

To guarantee and stabilize bulk palm cooking oil in the community, Ministry of Industry published Regulation of Minister of Industry Number 8 / 2022 about Bulk Palm Cooking Oil Procurement for the People, Micro, and Small Businesses that Palm Oil Plantation Fund Management Agency (PFMA) would fund. The regulation obliges to procure bulk palm cooking oil in this country.

“This is what the government is doing to fulfill the people’s needs of palm cooking oil and maintain its economic price to keep going on through micro and small businesses,” Minister of Industry, Agus Gumiwang Kartasasmita said in Jakarta, as in the official statement to InfoSAWIT, Monday (21/3/2022).

He also mentioned, his sides has regulated the distribution and supervision of bulk palm cooking oil from the producers, distributors, to retailers and make sure that the people can get bulk palm cooking oil at the highest retail price (HRP). “Besides Ministry of Industry regulates the fund, procurement, development, supervision, and sanction if someone breaks the regulation,” he said.

The government through Regulation of Minister of Trade Number 11 / 2022 decided that HRP for the people and end consumers is at Rp. 14.000/liter or Rp 15.500/kg. Meanwhile PFMA decided that Harga Acuan Keekonomian (HAK) of bulk palm cooking oil depends on the CPO price at domestic auction in the past one month. (T2)


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