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Explainer: Why Indonesia's Palm Oil Export Ban Has Not Cooled Cooking Oil Prices

Selasa, 17 Mei 2022 | 16:39 WIB
Explainer: Why Indonesia's Palm Oil Export Ban Has Not Cooled Cooking Oil Prices

ILUSTRASI. Despite these tough policies of Indonesia's palm oil export ban, the price of cooking oil has not come down. KONTAN/Baihaki/12/5/2022

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Indonesia, the world's biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil.

Despite these tough policies that have rattled edible oil markets and cost hundreds of millions of dollars in lost revenue, the price of cooking oil, a staple for Indonesian families, has not come down, hitting the approval rating of President Joko Widodo.

  • How are Indonesian authorities trying to rein in cooking oil prices?


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