Indonesian Ministry of Industry to Stock Up 1.2 Billion Liters of Cooking Oil, Maintain Affordable Prices

- 12 January 2022 13:31 WIB
Stabilization of Palm Cooking Oil Prices, The Indonesian Government Prepares 1.2 Billion Liters for 6 month, supported by Palm Oil Industry.
Stabilization of Palm Cooking Oil Prices, The Indonesian Government Prepares 1.2 Billion Liters for 6 month, supported by Palm Oil Industry.

JAKARTADAILY.ID – The Indonesian Ministry of Industry stated that it will ensure cooking oil prices remain affordable by stocking up 1.2 billion liters of palm-based cooking oil for the next six months. 

The step was taken after cooking oil prices surged in the last few weeks, making the household essential item unaffordable to some. 

The Ministry of Industry encourages the Palm Cooking Oil (MGS) industry players to contribute to the government program. The main objective is to maintain the stability of cooking oil prices in the community.

Also Read: Minister of Industry Proposes for Cars Worth Under Rp 250 Million to be Tax Free

"This policy is a manifestation of the government's efforts to support the provision of affordable food for the community," said the Director-General of Agro-Industry at the Ministry of Industry, Putu Juli Ardika in Jakarta, on Tuesday.

Putu said that as many as 70 business people in the MGS industry would be involved in providing this simple packaged cooking oil, supported by around 200 packers.

“For the MGS industry who wants to be involved in this government program, the Ministry of Industry will relax the MGS SNI (Indonesian national standard) mandatory for the MGS industry that uses the MINYAKITA brand. So, if the company is registered in the MGS supply program with the MINYAKITA brand, we will facilitate the acceleration of the SNI certification," Putu said.

Also Read: Australia's Coal Industry To Stay For Decades, Says Scott Morrison

In order to see the readiness of the cooking oil industry sector in an effort to meet the needs of the community, the Directorate General of Agro-Industry has visited a number of producers, including PT Salim Ivomas Pratama Tbk (SIMP) in Jakarta, PT Sinar Mas Agro Resources and Technology Tbk (SMART) in Bekasi, to PT Multimas Nabati Asahan in Serang, Banten.

Page:
1
2

Editor: Suksmajati Kumara

Tags

Related Article

Latest News

X