Palm Oil Producers Only Reach 43.56 Percent of DMO Target

21 February 2023 17:13 WIB

A worker fills jerrycans with cooking oil at a distribution station in Jakarta, Indonesia, May 20, 2022. Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export. REUTERS/Willy Kurniawan

TEMPO.CO, Jakarta - The Indonesian Trade Ministry’s acting director general of domestic trade, Kasan, said the oil palm domestic obligation market (DMO) realization had only reached half of the target. The government has increased the palm oil DMO to 450,000 tons to produce cooking oil sold in bulk and under the Minyakita brand. 

“Until February 20, at 18:00 (Indonesia Western Time) the cooking oil DMO from producers reached 196,032 tons or 43.56 percent of the total DMO allocation of 450,000 tons,” said Kasan to Tempo on February 20.

According to him, the palm oil distributed under the DMO is still dominated by bulk cooking oil which amounts to 153.347 tons (78.23 percent). In comparison, the Minyakita cooking oil brand amounted to 42,685 tons (21.77 percent).

The palm domestic market obligation was increased after the Trade Ministry along with the National Police uncovered stockpiles of Minyakita-brand cooking oil hoarded at a producer’s warehouse. The government stated that the branded cooking oil scarcity in the market was caused by this issue. 

“The National Police Food Task Force will act upon findings in the field, especially the distribution of cooking oil [aimed for] the people,” said Kasan. 

RIANI SANUSI PUTRI 

Editor's Choice: Palm Oil DMO Essential in Preventing Cooking Oil Scarcity, Expert Says

Click here to get the latest news updates from Tempo on Google News



B35 Policy Contributes to Rise in CPO Reference Prices

23 hari lalu

B35 Policy Contributes to Rise in CPO Reference Prices

Trade Ministry announced that the reference price for crude palm oil (CPO) products (March 1-15) had increased to US$889.77/ metric ton.


Market Traders Note Price Hike in Basic Commodities Ahead of Ramadan

29 hari lalu

Market Traders Note Price Hike in Basic Commodities Ahead of Ramadan

The Indonesian Market Traders Association records increasing prices of several basic commodities ahead of the fasting month of Ramadan.


Surya Darmadi Sentenced to 15 Years in Prison

29 hari lalu

Surya Darmadi Sentenced to 15 Years in Prison

Surya Darmadi is a defendant in the case of corruption in the oil palm plantation business licensing.


KPPU Talks About Hoarding of Cooking Oil Minyakita, Shortage in Markets

32 hari lalu

KPPU Talks About Hoarding of Cooking Oil Minyakita, Shortage in Markets

KPPU chairperson M Afif Hasbullah revealed a number of findings of hoarding of bulk cooking oil in simple packaging dubbed Minyakita.


Provinces With the Largest Oil Palm Plantations in Indonesia

43 hari lalu

Provinces With the Largest Oil Palm Plantations in Indonesia

Palm oil is one of Indonesia's main commodities not only for export but also for domestic use.


Indonesia Hands-over CPOPC Chair to Malaysia

43 hari lalu

Indonesia Hands-over CPOPC Chair to Malaysia

Indonesia has officially handed over the leadership of the Council of Palm Oil Producing Countries (CPOPC) to Malaysia for 2023.


Vendors Sell Minyakita at Higher Price because of Scarcity

49 hari lalu

Vendors Sell Minyakita at Higher Price because of Scarcity

Government-produced cooking oil Minyakita, is becoming harder and harder to find in Depok, West Java.


Minister Airlangga Claims B35 Biodiesel Saves US$10.75bn in Foreign Exchange

53 hari lalu

Minister Airlangga Claims B35 Biodiesel Saves US$10.75bn in Foreign Exchange

Coordinating Minister Airlangga Hartarto says the implementation of the B35 biodiesel policy would save up to US$10.75 billion in foreign exchange.


Govt to Supply 450,000 Tons Cooking Oil Monthly Until April

53 hari lalu

Govt to Supply 450,000 Tons Cooking Oil Monthly Until April

Govt will increase the supply of packaged and bulk cooking oil to 450,000 tons per month in the February-April 2023 period


Minyakita Shortage Ahead of Ramadan; Ministry to Raise Supply of Cooking Oil

53 hari lalu

Minyakita Shortage Ahead of Ramadan; Ministry to Raise Supply of Cooking Oil

Trade Minister stated that the government and producers would increase the supply of packaged and bulk cooking oil by 450,000 tons per month.