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

RBD Palm Oil

Indonesia

Published Jun 14, 2023

Tridge summary

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.

Original content

Jakarta, CNBC Indonesia - "The average palm oil sample at this time can produce 4 tonnes per hectare per year, while other rapeseed oils can only produce 900 kg per hectare per year, the other oils are below that," he explained. Therefore, the price of palm cooking oil can be cheaper when compared to other vegetable oils. Where the land used is also 1 in 10 smaller than soybeans. "That's why palm oil is cheaper, the land used is 1 in 10 less than soybeans. Where soybean oil production is second only to palm oil," he said. "The use of palm land is much smaller than other vegetable oils. They are unable to compete because palm oil is more economical," he added. From the results of CNBC Indonesia's monitoring at Transmart Mall Kota Kasablanka today, Tuesday (13/6/2023), the price of palm cooking oil ranges from IDR 19,900-25,570 per 1 liter package. Meanwhile, the price ...

Source: Cnbcindonesia