Indonesia's cooking oil crisis explained | AGBI
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The cooking oil price has slipped somewhat, but trade ministry data on Friday showed that cooking oil averaged 17,300 rupiah a litre. This is down from an average of 18,000 rupiah in April, but still well above the 13,300 rupiah reported in July 2021. Indonesian minister blames a ‘palm oil mafia’. On March 18, Muhammad Lutfi, Indonesia’s ...
10 largest oil palm plantations in Indonesia
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Journalist. yan. Editor. Interview. Indonesia is the world’s largest producer of palm oil, producing around 46.2 million metric tons in 2021 alone. Being the largest producer, consequently Indonesia has the largest oil palm plantations, especially in Sumatra and Kalimantan islands. According to Sawit Watch – an NGO focuses on policy reforms ...
As global palm oil prices rise, cooking oil stock runs low
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In November last year, the global CPO price was about US$1,300 per tonne. These days, it has gone up to around US$1,600 per tonne. Cooking oil in Indonesia was usually sold at around 14,000 rupiah ...
Sector Trend Analysis – Cooking oil trends in Indonesia
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Indonesia was the fifty-fourth largest global market for cooking oils with imports valued at US248.5 million, 118.4 million kilograms in 2022. Of these imports, Canada was the twenty-third largest supplier to Indonesia (representing a 0.1% market share) with imports valued at US$311,143, and 92,820 kilograms in 2022.
Indonesia, the world’s biggest producer, has a palm-oil crisis
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In February Indonesia’s government capped the retail price of cooking oil (made from palm oil) at 14,000 rupiah ($1) a litre for the highest-quality oil, and 11,500 rupiah for the cheaper sort.
- Does Indonesia have power to control the price of cooking oil?
- This gives them leverage to dictate the market, making the government appear powerless to control the price of cooking oil, according to Khudori, an agriculture expert with the Indonesian Political Economy Association (AEPI).
- Why did cooking oil prices rise in Indonesia?
- Yeka Hendra Fatika, of the government ombudsman, which monitors cooking-oil prices throughout 274 markets in Indonesia, blames the price rise on factors including the war in Ukraine and the pandemic. By February, the price of crude palm oil ( CPO) had spiked by 40% year on year.
- Is a ‘palm oil mafia’ operating in Indonesia?
- An export ban has infuriated farmers, amid soaring prices and claims that a ‘palm oil mafia’ is operating in the country Indonesia, the world’s biggest exporter of palm oil, halted shipments on April 28 in a bid to flood the domestic market with supplies and control the soaring price of cooking oil.
- Who is the largest cooking oil company in Indonesia?
- Indofood Sukses Makmur Tbk PT (Brand name; Bimoli and Happy) was the largest cooking oil company in Indonesia with retail sales of US$1.3 billion (36.0% market share) in 2022. According to Mintel’s Global New Products Database (GNPD), there were 453 new cooking oil food products launched in Indonesia between January 2017 and December 2022.