JAKARTA, KOMPAS.TV – The increase in cooking oil prices has been a topic of discussion for some time. Since the end of the year, the price of cooking oil has surged, in fact, in some areas, cooking oil has become a scarce staple.
In fact, the government has rolled out a number of policies related to this price spike, namely by setting the Highest Retail Price (HET) which is Rp. 11,500 per liter for bulk cooking oil, Rp. 13,500 per liter for packaged cooking oil, and Rp. 14,000 for cooking oil. premium packaging.
However, there are still many sellers who set the selling price of cooking oil above the HET at IDR 20,000 per liter.
quote Kompas.com, The Business Competition Supervisory Commission (KPPU) stated that cooking oil production is actually controlled by a handful of players.
They not only own a cooking oil factory, but also control hundreds of thousands of hectares of oil palm plantations on state land through the HGU scheme.
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quote Kompas.com, the following is a list of conglomerates of cooking oil business owners according to Forbes Magazine:
1. Widjaja’s family
The Widjaja family or the Sinar Mas Group is second in the list of the richest people in Indonesia. Sinar Mas only lost to the Hartono family, the owners of BCA and Djarum. The Widjaja family is the owner of the richest cooking oil business in Indonesia with a wealth of 9.7 billion US dollars or equivalent to Rp. 139.5 trillion.
The Widjaja group was founded by Eka Tjipta Widjaja, who died in January 2019 at the age of 98. One of the biggest revenue contributor companies comes from cooking oil.
Its famous cooking oil product is Filma. Before the joint venture broke up, Eka Tjipta had previously succeeded in making Bimoli cooking oil with Sudono Salim from the Salim Group.
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