Indonesia: Trading of bulk cooking oil is about to end, worries the entrepreneurs

Jakarta, CNBC Indonesia - The Ministry of Trade has ensured that on January 1, 2022, bulk oil is no longer allowed to be traded, but must use packaging. So that manufacturers are busy adding investment for packaging. The Executive Director of the Indonesian Vegetable Oil Industry Association (Gimni), Sahat Sinaga, said that basically entrepreneurs welcomed the rules that had been issued since 2020. With this certainty, entrepreneurs are sure to increase their investment in packaging. "This has been delayed many times so that the industry is afraid that if investment, this regulation will work or not. We ask the Ministry of Trade not to withdraw from January 1, 2022, so that entrepreneurs from GIMNI and AIMNI prepare capacity (packaging)," he told CNBC Indonesia in a webinar National Acceleration of Processed Vegetable Oil Quality, Friday (26/11/2021). Sahat explained that the traditional cooking oil market reaches 2.4 million tons per year, or approximately 3 billion liters. From ...