Indonesia: This is the industry's speech about domestic palm oil

Published 2022년 7월 25일

Tridge summary

The palm oil industry is facing challenges, with farmers complaining about the low price of fresh fruit bunches, which is not reaching the government's expected price of above Rp. 2,000. The government has tried various solutions, including eliminating export levies and accelerating the determination of export reference prices. Meanwhile, farmers and industry leaders are calling for the establishment of an Indonesian palm oil agency to address the current chaos in the market. They also suggest removing the domestic market obligation policy and leaving the market prices to state-owned enterprises to prevent black market activities and ensure the availability of affordable cooking oil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The palm oil industry is arguably a large industry and contributes a large amount of income to the country, one of which is through export levies on crude palm oil (CPO). But now there is a problem that many parties still complain about, one of which is oil palm farmers. Because, the price of fresh fruit bunches (FFB) has not moved significantly in the price range of Rp. 1,300-san. Or far from the price that the government expects to be above Rp. 2,000. Various efforts have also been made, starting from eliminating export levies and their derivatives to zero until the end of August and accelerating the deadline for determining export reference prices to planning to revoke the domestic market obligation (DMO) policy. Chairman of the Association of Indonesian Palm Oil Farmers (Apkasindo), Gulat Manurung also admitted that the problem of the low price of FFB is very heartbreaking for farmers and needs to be addressed. Even the farmers claim to have not felt ...

Source: Cnbcindonesia