• How much does cooking oil cost in Indonesia?
  • 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 to 15,000 rupiah per litre, but its price started to increase late last year amid an increase in global CPO price. At the start of the year, cooking oil prices rose more than 40 per cent in most parts of Indonesia.
  • 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.
  • How much does palm oil cost in Indonesia?
  • In East Kalimantan, on Borneo, which produces nearly two-fifths of Indonesia’s palm oil, at least two homemakers have died this month while queuing. 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.
  • 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.