Indonesia Issues Domestic Sales Rules for Palm Oil Companies, Plans Industry Audit

Rabu, 25 Mei 2022 | 18:42 WIB
Indonesia Issues Domestic Sales Rules for Palm Oil Companies, Plans Industry Audit
[ILUSTRASI. Asosiasi Petani Kelapa Sawit Indonesia (Apkasindo) berunjuk rasa menentang larangan ekspor CPO di Jakarta Pusat, Selasa (17/5/2022). (KONTAN/Fransiskus Simbolon)]
Reporter: Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - JAKARTA, May 25 (Reuters) - Indonesia will determine palm oil producers' mandatory domestic sales volume based on their refining capacity and local demand for cooking oil, a trade ministry regulation document showed on Wednesday, as the government plans an industry audit.

The world's top palm oil producer allowed the resumption of crude palm oil exports and its derivatives from Monday but put in place a policy of mandatory sales to the local market at a certain price level, known as a domestic market obligation (DMO), to secure the supply of the vegetable oil at home.

Traders in India had said Indonesian sellers were waiting for details of the DMO before they take on larger orders.

Each company's compliance with the DMO will be used as the basis for the volume they are allowed to export, the regulation reviewed by Reuters stated. Producers and exporters will also be required to participate in the government's bulk cooking oil programme.

Baca Juga: Oil Prices Extend Gains on Tight Supply, Firm Demand Expectations

The trade ministry regulation takes effect immediately, but the Indonesia Palm Oil Association (GAPKI) said the wait is not yet over as some aspects of the DMO will be determined by other rules deriving from the ministerial regulation, such as the technical procedure to calculate the volume of the DMO.

GAPKI secretary general Eddy Martono said the industry is waiting for the government to announce those rules and that no export permit had been issued yet.

The industry ministry on Wednesday released a separate regulation stating that data from its bulk cooking oil distribution platform will also be used to determine export permit issuance.

An industry ministry official said in a statement companies that had distributed bulk cooking oil between March 18 and May 31 could choose to receive a subsidy from the CPO fund agency or get an export permit.

Baca Juga: Indonesia Tech Firm GoTo Seeks Approval to Issue 118.44 Billion Shares

Meanwhile, the government plans to audit all palm oil companies operating in the country and require them to move their headquarters onshore amid efforts to improve governance of the sector, senior cabinet minister Luhut Pandjaitan told local media.

Luhut's spokesperson, Jodi Mahardi, said on Wednesday the government will audit companies' land size, partnership with nearby smallholder farmers, and tax reports, among others.

The government will also get palm oil companies to set up headquarters in Indonesia, Jodi said, without elaborating.

Several Indonesian palm oil companies are listed or headquartered in neighbouring Singapore while some Malaysian companies operate plantations in Indonesia through local subsidiaries.

Luhut said the audit could be launched as early as next month, while Jodi added it could happen after cooking oil prices stabilise.

Bagikan

Berita Terbaru

Jati Diri dan Cinta pada Pertanian
| Sabtu, 06 September 2025 | 07:00 WIB

Jati Diri dan Cinta pada Pertanian

Melihat perjalanan karir Joao Angelo de Sousa Mota mengembangkan usaha di bidang pertanian dan perkebunan

Harga Emas Antam Pecah Rekor, Kapan Jual?
| Sabtu, 06 September 2025 | 07:00 WIB

Harga Emas Antam Pecah Rekor, Kapan Jual?

Harga emas Antam pecah rekor all time high Rp 2,04 juta per gram. Simak analisis penyebab kenaikan dan proyeksi harga emas dunia serta Antam.

Intip Rencana Multipolar Technology (MLPT): Perluas Pelanggan & Pendapatan Rutin
| Sabtu, 06 September 2025 | 06:40 WIB

Intip Rencana Multipolar Technology (MLPT): Perluas Pelanggan & Pendapatan Rutin

Multipolar Technology Tbk (MLPT) membeberkan empat strategi utama untuk memoles kinerja, termasuk diversifikasi pelanggan dan leverage teknologi

Petrosea (PTRO) Menepis Isu Sinergi Dengan Cakra Buana (CBRE)
| Sabtu, 06 September 2025 | 06:16 WIB

Petrosea (PTRO) Menepis Isu Sinergi Dengan Cakra Buana (CBRE)

Transaksi tersebut bagian dari strategi pengembangan usaha dan diversifikasi ke sektor minyak dan gas bumi. 

Stop Flexing Pejabat
| Sabtu, 06 September 2025 | 06:12 WIB

Stop Flexing Pejabat

Ajang pamer kemewahan ini menimbulkan sakit hati masyarakat luas karena pejabat bisa menikmati hidup mewah dengan menggunakan dana dari negara.

Rupiah Melemah: Demo & Data AS Pengaruhi Nilai Tukar
| Sabtu, 06 September 2025 | 06:10 WIB

Rupiah Melemah: Demo & Data AS Pengaruhi Nilai Tukar

Nilai tukar rupiah melemah terhadap dolar AS sepekan terakhir akibat aksi demonstrasi dalam negeri dan rilis data ekonomi AS.

Simak Profil Pakuan (UANG) yang Kini Masuk Jajaran Portofolio Investasi Happy Hapsoro
| Sabtu, 06 September 2025 | 05:53 WIB

Simak Profil Pakuan (UANG) yang Kini Masuk Jajaran Portofolio Investasi Happy Hapsoro

Pakuan merupakan bagian dari Vasanta Grooup, sebuah perusahaan pengembang proyek real estate yang didirikan pada tahun 2015.

Harga Emas Logam Mulia Antam Bisa Menembus Rp 2,25 Juta
| Sabtu, 06 September 2025 | 05:40 WIB

Harga Emas Logam Mulia Antam Bisa Menembus Rp 2,25 Juta

Pergerakan emas Antam amat bergantung pada pergerakan emas dunia dan nilai tukar rupiah terhadap dolar AS.

Kisah Investasi Teddy Wishadi BNI Sekuritas: Deposito ke Saham
| Sabtu, 06 September 2025 | 03:59 WIB

Kisah Investasi Teddy Wishadi BNI Sekuritas: Deposito ke Saham

Teddy Wishadi, Direktur BNI Sekuritas, berbagi kisah investasi. Pelajari evolusi instrumen dan strategi investasi dari deposito ke saham.

Semen Baturaja: Laba Meroket 989%, Apa Strateginya?
| Sabtu, 06 September 2025 | 03:58 WIB

Semen Baturaja: Laba Meroket 989%, Apa Strateginya?

PT Semen Baturaja Tbk (SMBR) raih lonjakan laba bersih 989% semester I-2025. Simak strategi efisiensi logistik, digitalisasi, dan produk turunan.

INDEKS BERITA

Terpopuler