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Jokowi issued code when ban on cooking oil export cs canceled


President Joko Widodo (Jokowi) has implemented a ban on exports of cooking oil and its raw materials. The regulation is effective from Thursday (28/4/2022) up to an indefinite time limit.

The export ban includes, among others, crude palm oil (CPO), RPO, RBD Palm Olein, POME and cooking oil. When will Jokowi lift the export ban?

What is clear is that Jokowi did not provide a definitive time regarding the lifting of the export ban. However, he stressed that the ban would be lifted if the demand for cooking oil were met.

“Once domestic needs are met, of course I will lift the export ban because I know the country needs taxes, the country needs foreign exchange, the country needs a surplus trade balance, but meeting the basic needs of the people is a top priority. “said Jokowi when delivering the statement on the ban on oil exports. fries and raw materials, Wednesday (27/4/2022).

Jokowi called for awareness of the palm oil industry to meet domestic needs. If you look at the production capacity, domestic needs should be easily fulfilled.

“The volume of raw materials for cooking oil that we produce and export is greater than domestic needs. There is always a very large capacity remaining if we all want and we intend to meet people’s needs as a priority, domestic needs can be easily “must meet,” he said.

Meanwhile, according to the Minister of Coordination for the Economy, Airlangga Hartarto, the export ban will apply to cooking essential oil at 14,000 Rp per liter.

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“This policy ensures that CPO products can be dedicated entirely to the availability of essential cooking oils and the cost is Rp. 14,000 per liter, especially in traditional markets and for the needs of MSE,” Airlngga said, Wednesday (27/4/2022). ).

(hns / hns)

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