The price of cooking oil in Indonesia is cheaper than European products

Published 2023년 6월 14일

Tridge summary

The article explains why palm oil is cheaper than other imported cooking oils, including European products. It highlights the economic, efficient, and productive advantages of palm oil production compared to other vegetable oils. The article also provides a comparison of the productivity of palm oil with that of other vegetable oils and points out that the land used for palm oil production is 10 times smaller than for soybeans. As a result, palm cooking oil is priced much lower than other vegetable oils, with the price range being IDR 19,900-25,570 per 1 liter package, while other vegetable oils are 3-5 times more expensive.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The price of palm oil is somewhat cheaper than the price of other imported cooking oils, including European products. This is inseparable from the production of palm oil which is more economical, efficient and productive compared to other vegetable oil producing plants. Chairman of the Indonesian Palm Oil Producers Association (Gapki) Eddy Martono said, oil palm is the most economical because of its higher productivity compared to other vegetable oil-producing plants made in Europe. "Palm oil is the most economical because productivity is higher than others," he told CNBC Indonesia, Wednesday (14/6/2023). For example, he explained, currently the average production of oil palm plants can produce 4 tons per hectare per year. Meanwhile, other vegetable oil-producing plants (rapeseed) can only produce 900 kilograms per hectare per year. "The average palm oil sample at this time can produce 4 tonnes per hectare per year, while other rapeseed oils can only ...

Source: Cnbcindonesia