Home Opinion President Joko Widodo’s 4 Final Statements About Indonesia’s Cooking Oil Supply

President Joko Widodo’s 4 Final Statements About Indonesia’s Cooking Oil Supply

by David Mack
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President Joko Widodo or Joko decided to continue exporting cooking oil starting Monday, May 23, 2022. Previously, Jokoi banned the export of cooking oil and its raw materials at the end of April 2022.

 

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“I have decided that the export of cooking oil will resume on Monday, May 23, 2022,” Djokovic said at a press conference, Thursday, May 19, 2022, on the Presidential Secretariat’s YouTube.

Joko reasoned that the export ban was lifted because the domestic supply of cooking oil was already abundant. According to him, the national demand for bulk cooking oil is around 194,000 tons per month.

Prior to the export ban or March 2022, the national supply of cooking oil only reached 64,500 tons, according to Joko.

But since the export ban last April, our supply has reached 211,000 tons per month, exceeding our national monthly needs, said Joko.

The former governor of DKI Jakarta hopes that the price of cooking oil on the national market will continue to decline in the future. So he again allowed the export of crude palm oil (CPO) and cooking oil producers.

According to his observations, the average cooking oil price showed a downward trend, especially for bulk cooking oil.

“Even though there are actually some areas that I know the price of cooking oil is still relatively high. But I’m sure in the next few weeks, the price of bulk cooking oil will be more affordable than the price we set because the availability is much higher. , “explained Joko.

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