Palm oil price from Indonesia is IDR 20,000, from Europe above IDR 100,000

RBD Palm Oil

Indonesia

Published Jun 14, 2023

Original content

Jakarta, CNBC Indonesia - The price of palm oil is relatively cheap compared to its competitors, namely cooking oil from Europe. Even the price is much cheaper 3 to 5 times. For example, the price of palm cooking oil ranges from IDR 19,900-25,570 per 1 liter package. As for the price of palm cooking oil in 2 liter packaging, the price ranges from IDR 39,900-45,900. The price of CPO cooking oil is considerably cheaper when compared to the price of its competitors, namely imported cooking oil from Europe. Such as sunflower cooking oil (sunflower oil), soybean cooking oil (soybean oil), to corn cooking oil (corn oil). The price of imported cooking oil is priced 3-5 times more expensive than the price of CPO cooking oil. Chairman of the Indonesian Palm Oil Association (Gapki) Eddy Martono acknowledged this. He said that oil palm is the most economical because its productivity is higher than other vegetable oil-producing plants. He explained that currently the average production of oil ...

Source: Cnbcindonesia

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