News

This is a new way for Jokowi's subordinates to control cooking oil prices in Indonesia

RBD Palm Oil
Indonesia
Published May 25, 2022

Original content

Jakarta, CNBC Indonesia - The government plans to increase the number of palm oil plantations to produce cooking oil in the future. In order to control the price issue that is difficult to solve. President Director of PTPN III Abdul Ghani, said that his party was running, there were three strategic PTPN programs to support national priority programs. starting from downstreaming the food sector, rejuvenating people's palm oil, to accelerating renewables. Specifically for the production of palm oil and cooking oil, his party will continue to increase its production capacity through the Palm Co business cluster. Where the production of CPO from 2.67 million tons to 3.3 million tons, and oil production increased by about four times to 1.8 million tons in 2026 from 460 thousand tons. "Our target in the next 5 years is 1.8 million tons or 2 million liters. Let's say the government needs 2.4 million liters of bulk cooking oil, we have almost 95% fulfilled it, this is important for PTPN ...
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