As of April 28, 2022, Indonesia has begun a complete ban on palm oil exports, a move that could threaten global food prices and place extra pressure on already steep cooking oil prices worldwide. The ban comes as Indonesia gripes with domestic cooking oil shortages and reins in high prices triggering recent protests in the country.
How much does cooking oil cost in Indonesia?
In a related move, the retail price for cooking oil is now capped at 14,000 IDR ($0.90) per liter. Indonesia kicked off 2022 by rolling out several market intervention policies in response to recent rising prices for cooking oil. From January 19-31, 2022…
Does Indonesia need export approval for cooking oil?
Previously, no form of export approval was required for palm oil products. In a related move, the retail price for cooking oil is now capped at 14,000 IDR ($0.90) per liter. Indonesia kicked off 2022 by rolling out several market intervention policies in response to recent rising prices for cooking oil.
Can used cooking oil reduce poverty in Indonesia?
An initial study by state agency National Team for the Acceleration of Poverty Reduction (TNP2K) and clean energy think tank Traction Energi Asia about the Potential of Used Cooking Oil for Biodiesel and Poverty Reduction in Indonesia (2020) shows that in 2019, Indonesia national consumption of palm oil reached 16.2 million kilo liters (KL).