These are 8 Indonesian Cooking Oil Conglomerates

Jakarta –

cooking oil price still towering. This is the impact of skyrocketing commodity prices of palm oil (crude palm oil / CPO) which is the raw material for cooking oil products.

The rising price of cooking oil in the country itself is an irony. How not, Indonesia, as the largest palm oil producing country in the world, has to suffer a spike in cooking oil prices.

It is suspected that one of the triggering factors is the imbalance between domestic supply and demand. The very high demand for exports allows the stock in the country to become even smaller, so that palm oil mills prioritize selling their palm oil products abroad rather than for domestic needs.

However, do you know who are the producers of palm or cooking oil in Indonesia? Here is a row of conglomerates who enjoy the savory cooking oil business through their palm oil plantations in the country, quoted from various sources.

Bachtiar Karim

Bachtiar Karim and his brother Burhan and Bahari run the Musim Mas Group. Karim builds a palm oil refinery for his own crops. In this way, the price of palm oil produced by PT Musim Mas is not much influenced by the market.

The Karim family opened the first palm oil refinery in Indonesia in 1970. Until now, Forbes recorded his assets amounted to US $ 3.5 billion or around Rp 50 trillion.

– .