Tribunnews.com Reporter, Ismoyo
TRIBUNNEWS.COM, JAKARTA – The government finally issued a policy to prohibit the export of cooking oil, including its raw materials, namely: CPO (Crude Palm Oil) starting Thursday 28 April 2022.
President Joko Widodo (Jokowi) said he made the decision after holding a meeting with ministers on Friday (22/4/2022).
“In the meeting I decided to ban the export of raw materials for cooking oil and cooking oil starting Thursday, April 28, 2022 until the specified time limit,” Jokowi said in a video statement broadcast on the Presidential Secretariat Youtube.
Read also: Global Vegetable Oil Market Volatility After Jokowi Bans CPO Exports to Cooking Oil
The Head of State said the decision was made so that the domestic supply of cooking oil would be abundant again and the price would be cheap.
“I will continue to monitor and evaluate this policy so that the availability of cooking oil in the country is abundant and affordable,” said Jokowi.
Are the Policies Decided by the Government Right?
Economist for the Center of Economic and Law Studies (CELIOS), Bhima Yudhistira, said that in fact, if only domestic needs were met, the Government would not need to stop exports.
Because this will repeat the mistake of stopping suddenly exports of coal commodities in January 2022.
“Will the problem (of fulfilling domestic CPO) be solved? No, it was protested by potential buyers abroad,” said Bhima when contacted by Tribunnews, Sunday (4/24/2022).
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