Economists Predict Sambal Bluster CPO Export Ban Canceled Before April 28, 2022
The increase in the price of crude palm oil (CPO) so one of the causes of rising cooking oil prices. (Source: KONTAN.CO.ID) Author : DINA KARINA | Editor : PURWANTO
JAKARTA, KOMPAS.TV- The government has banned the export of cooking oil and crude palm oil (CPO). However, the Director of the Center of Economic and Law Studies (Celios) Bhima Yudhistira assessed that the policy would not lasted a long time, even the prediction was canceled before 28 April 2022.
The policy is just a bluff because the government is frustrated Price Highest Retail (HET) and Domestic Market Obligation (DMO) are not managed to control the price of cooking oil. So that 2 policies too short life, said Bhima in his written statement to Kompas TV, Monday (25/4/2022).
He said, Indonesia will be protested by countries that need it CPO commodity from Indonesia.
India, China, Pakistan will respond because of them the largest CPO importer and feel disadvantaged by this policy, call Bhima.
COOKING OIL, THIS IS THE REASON
Manufacturing production costs and consumer goods prices in the three countries will increase significantly and Indonesia will be blamed.
In the worst case, it could lead to retaliation or retaliation i.e. countries that feel aggrieved will stop sending materials raw materials needed by Indonesia.
Such as soybean or wheat exports that are held for example by India, its a hassle, he said.
Bhima stated, if only to fulfill domestic needs, the government does not need to stop exports. Because the policy is only repeat the mistake of the coal export ban in January 2022.
CPO DERIVATIVE PRODUCTS STILL A QUESTION MARK
