Tumben Cooking Oil Prices Drop, Because Jokowi Bans Exports?

Jakarta –

The price of packaged cooking oil began to fall. Stocks of packaged cooking oil of various brands are also abundant, lined up on supermarket shelves to minimarkets.

Detikcom’s monitoring in one of the supermarkets in the Cirebon Regency area, Sunday (1/5/2022), the price of cooking oil began to decline.

At Robinson Ramayana Cirebon, for example, there is a hanging sign that reads a discounted price of almost Rp. 6,000. For example, Fortune 2 liter cooking oil, the price is now Rp 46,900 from Rp 52,300.

Meanwhile, in retail stores, for example Alfamart in the Pamulang area, South Tangerang, a number of packaged cooking oils have dropped prices since Saturday (30/4/2022).

The price of two liter Tropical pouch cooking oil is IDR 48,900, down from the previous IDR 50,700. Two liter Filma pouch cooking oil from Rp 51,700 to Rp 51,500.

In addition, the Sunco two liter pouch cooking oil is IDR 52,200 from the price of IDR 52,500. Bimoli cooking oil pouch two liters, from Rp 50,200 to Rp 49,500.

One and two liter bottles of Tropical cooking oil also dropped in price. For one liter Rp 25,500, from the previous Rp 25,700. While the two-liter size is IDR 48,900, down from IDR 50,700.

Is this because of the impact of President Joko Widodo (Jokowi)’s policy of banning the export of CPO cs, including cooking oil?

For information, the ban on the export of raw materials for cooking oil and cooking oil has been in effect since April 28, 2022. The scope of the ban includes crude palm oil (CPO), RPO, RBD Palm Olein, POME, and Used Cooking Oil. This policy aims to suppress domestic cooking oil prices.

Responding to the decline in cooking oil prices, the Economist of the Institute for Development of Economics and Finance (Indef) Nailul Huda assessed it as a strategy for each retailer.

“The price drop is different, because of the program from each retailer. This is to attract people to shop at the retail. Because cooking oil can be a magnet to attract customers at this time. So, they will give cooking oil discounts, to attract customers. Then customers are expected to shop other than cooking oil to increase the income of retail players,” said Nailul, to detikcom, Sunday (1/5/2022).