‘Cheap’ cooking oil has recently become scarce in Indonesia, the world’s largest crude palm oil (CPO) producer. As CPO is the main ingredient for cooking oil producers, accounting for about 80 per cent of production costs, it is ironic that this crisis has occurred.
How much does cooking oil cost in Indonesia?
Indonesian consumers buy two types of cooking oil: pricier packaged and branded oil, and a subsidised version sold in bulk for lower-income households. The price of branded cooking oil has almost doubled, from about Rp 14,000 per litre in March 2021 to Rp 22,000 per litre in March 2022.
Does Indonesia have a cooking oil crisis?
As CPO is the main ingredient for cooking oil producers, accounting for about 80 per cent of production costs, it is ironic that this crisis has occurred. Indonesian consumers buy two types of cooking oil: pricier packaged and branded oil, and a subsidised version sold in bulk for lower-income households.
What is Indonesia edible oil market based on packaging type?
Based on the type, the Indonesia edible oil market has been divided into palm oil, soybean oil, mustard oil, sunflower oil, olive oil, and others. Among these, palm oil currently holds the largest market share. 5. What is the breakup of the Indonesia edible oil market based on the packaging type?