Traders in Indonesia complain about expensive cooking oil prices
Indonesia
Published May 24, 2022
Tridge summary
Traders in the market revealed that the price of cooking oil is still relatively expensive despite the intervention of a palm oil export ban some time ago. "HET (highest retail price) is at Rp. 14 thousand/liter, but in Jakarta, it is still Rp. 18 thousand/liter, West Java at Rp. 19 thousand/liter. In Central Java the supply is more, some are selling for Rp. 17,200 - 17,500 thousand per liter, and there are also those who sell for Rp. 15,500 - 16,000 per liter," said the General Chairperson of the Indonesian Market Traders Association (IKAPPI) Abdullah Mansuri to CNBC Indonesia, Monday (23/5/22). The still high price of cooking oil in the market can not be separated from the distribution that has not been limited. Until now, the stock entering the market is still limited. "Distribution conditions are not as good as before, 4-5 tanks should be sent to the market one week, 12 tons are now only 2-3 tanks, meaning that the needs in traditional markets have not been fully met," Abdullah said. The difficulty of traders increases because the current payment patterns are different.
Original content
Jakarta, CNBC Indonesia - Traders in the market revealed that the price of cooking oil is still relatively expensive despite the intervention of a palm oil export ban some time ago. "HET (highest retail price) is IDR 14 thousand/liter, but in Jakarta it's still IDR 18 thousand / liter, West Java IDR 19 thousand / liter. In Central Java the supply is more, some sell for IDR 17,200 - 17,500 thousand per liter, there are also those who sell for Rp. 15,500 - 16,000 per liter," said General Chairperson of the Indonesian Market Traders Association (IKAPPI) Abdullah Mansuri to CNBC Indonesia, Monday (23/5/22). The still high price of cooking oil in the market can not be separated from the distribution that has not been limited. Until now, the stock entering the market is still limited. "Distribution conditions are not as good as before, 4-5 tanks should be sent to the market one week, 12 tons are now only 2-3 tanks, meaning that the needs in traditional markets have not been fully met," ...
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