Vincent Fabian Thomas (The Jakarta Post)
PREMIUM
Jakarta ●
Sat, May 28, 2022
The Trade Ministry issued on Wednesday a regulation detailing a mechanism for the distribution of subsidized bulk cooking oil in another attempt to bring down prices to the government target of Rp 14,000 (96 US cents) per liter.
Trade Ministry Regulation No. 33/2022, which took effect on Monday, obliges all palm oil producers and exporters to participate in the bulk cooking oil public program (MGCR) or be barred from exporting certain commodities. The policy applies to producers and exports of crude palm oil (CPO), olein, refined, bleached, deodorized (RBD) palm oil and used cooking oil (UCO).
It also requires buyers and sellers to register with the ministry’s bulk cooking oil information system (SIMIRAH) to ensure regulatory compliance.
to Read Full Story
SUBSCRIBE NOW
Starting from IDR 55,500/month
- Unlimited access to our web and app content
- e-Post daily digital newspaper
- No advertisements, no interruptions
- Privileged access to our events and programs
- Subscription to our newsletters
Or let Google manage your subscription
