Jakarta, CNBC Indonesia – Cooking oil prices are known to have decreased since the government closed the export faucet on April 28. In fact, the stock of basic community needs is seen in abundance in various markets to modern retail.
The price decline occurred because of the discount promo at that time. Secretary General of the Indonesian Retail Entrepreneurs Association (Aprindo) Solihin said promotional programs or price discounts are something that retailers should do.
“If you say because of current conditions, there is a ban on exports and prices have dropped, not yet,” Solihin told CNBC Indonesia at the end of April.
According to him, the decision to give a price discount is usually the result of cooperation between the retailer and the principal owner of the goods, or the store considers the condition of excess stock.
“What is clear is that we have standard margins. For fast moving goods, it is difficult for us to take large margins. Especially price sensitive items such as cooking oil and sugar. Consumers will assume that they are too expensive and will no longer want to shop with us,” explained Solihin.
At the beginning of this year the price of cooking oil reached Rp 20,150 – 20,500 per kilogram depending on the brand. Meanwhile, the price of bulk cooking oil reached Rp 18,650 per kilogram.
Continuing until March, the price of cooking oil jumped to Rp 22,200 – 24,000 per liter, and 18,950 per kilogram.
Then in April, cooking oil prices rose again to Rp 26,400 – 26,950 per liter and bulk cooking oil Rp 19,900 per kilogram.
May 6, 2022, the price of cooking oil at Alfamidi in the Captain Yusuf area, Bogor, West Java is still high. Where for cooking oil prices range between Rp 20,700 – 22,300 per liter.
Here’s a breakdown of today’s prices (Friday, 6/5/2022) by brand:
1. Filma 2 liter Rp 54,500
2. Tropical 2 liter Rp 52.200
3. Fortune 2 liter Rp 48.700
4. Sania 2 liter Rp 48.900
5. Bimoli 2 liters Rp 49,800.
Meanwhile, the Jakarta Food Information website noted that the price of bulk cooking oil today rose by Rp 500 to Rp 19,681 per kg.
(RCI/dhf)
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