Jakarta, CNBC Indonesia – The government has officially decided to ban the export of palm oil products. President Joko Widodo (Jokowi) has set conditions for lifting the embargo on CPO exports.
In a press release posted on the presidential secretariat’s Youtube channel, Jokowi explained that the ban would be lifted when national needs were met. He stressed that meeting the basic needs of the population is a priority.
“Once the domestic needs are met, of course, I will lift the export ban. Because I know the country needs taxes, foreign exchange, a trade balance surplus. But meeting the basic needs of population is an important priority,” Jokowi said.
Jokowi also called for the palm oil industry to be made aware of prioritizing and meeting domestic demand for cooking oil.
“If we are all willing and intend to meet people’s needs first, domestic needs can easily be met,” he explained.
On this occasion, Jokowi pointed to the unfinished cooking oil crisis, even though it has been happening in the last four months. He called the situation ironic given that Indonesia is the largest producer of palm oil in the world.
“As the largest palm oil producing country in the world, it’s ironic that we have difficulty getting cooking oil,” Jokowi said.
For information, the export ban has been in effect since last Thursday (28/4/2022). The ban was also governed by a regulation of the Ministry of Commerce concerning the temporary ban on exports of crude palm oil, refined, bleached and deodorized palm oil, refined, bleached and deodorized palm olein and of used cooking oil. The candy was set on April 27, 2022.
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