This is what makes the price of cooking oil expensive in Indonesia
Other Edible Vegetable Oil
Indonesia
Published Dec 1, 2021
Tridge summary
Jakarta, CNBC Indonesia - The price of cooking oil has soared in recent times, complaints from the public because of its role as a basic need. Based on the National Strategic Food Price Information Center (PIHPS), the national cooking oil price as of November 29, 2021 was recorded at IDR 18,750/kg, up 29.76% year-to-date (ytd) from the beginning of the year. The increase in cooking oil prices was influenced by the increase in 3 types of cooking oil, namely: - Bulk cooking oil Rp. 17,700/kg, up 31.11% ytd - Branded cooking oil Rp. 19,200. up 27.15% ytd - Branded cooking oil II Rp 18,800, up 30.10% ytd The increase in cooking oil prices is predicted to continue until the first quarter of 2022. "This (cooking oil) has the potential to continue to move, we even predict that until the first quarter of 2022 it will continue to increase," said Oke Nurwan, Director General of Domestic Trade at the Ministry of Trade, in an Indef webinar, Wednesday (11/24/2021).
Original content
Jakarta, CNBC Indonesia - The price of cooking oil has soared in recent times, complaints from the public because of its role as a basic need. Based on the National Strategic Food Price Information Center (PIHPS), the national cooking oil price as of November 29, 2021 was recorded at IDR 18,750/kg, up 29.76% year-to-date (ytd) from the beginning of the year. The increase in cooking oil prices was influenced by the increase in 3 types of cooking oil, namely: - Bulk cooking oil Rp 17,700/kg, up 31.11% ytd - Brand I cooking oil Rp 19,200. up 27.15% ytd - Brand II cooking oil Rp 18,800, up 30.10% ytd The increase in cooking oil prices is predicted to continue until the first quarter of 2022. "This (cooking oil) has the potential to continue to move, we even predict that until the first quarter of 2022 it will continue to increase," said Oke Nurwan, Director General of Domestic Trade at the Ministry of Trade, in an Indef webinar, Wednesday (11/24/2021) . According to Oke, there are two ...
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