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Monday, February 7, 2022

The spike in the price of cooking oil forces the government to perform acrobatics. Three policies were issued in a short time.

arsip tempo : 177056370763.

Trade Minister Muhammad Lutfi when attending a meeting with Commission VI of the Indonesian House of Representative (DPR RI) in the Parliament Complex, Senayan, Jakarta, on Monday, August 23, 2021. Tempo/Muhammad Taufan Rengganis. tempo : 177056370763.

AFTER the price of chicken eggs fell under control, the price of palm cooking oil shot through the roof due to a scarcity of crude palm oil (CPO). Various government policies, from subsidy to the one-price policy, seemed powerless to suppress the price of cooking oil. “It’s as if we’re chasing after a shadow,” said Trade Minister Muhammad Lutfi. “It’s backbreaking.”

The government then required palm oil

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