inp.polri.go.id - Jakarta. The Deputy III of Chief of Presidential Staff for Economic Affairs, Edy Priyono remarks about the possibility of high price of cooking oil at the upstream level as the realization of bulk oil supply and MinyaKita in 2024 is lower than last year.

“The realization of bulk cooking oil and MinyaKita stocks are lower compared to last year. I suppose this is what makes the price go up,” says Edy on Saturday (9/28/2024).

In his statement, he notes that in August 2024, the realization of cooking oil reached 183,000 tons while last year reached 331,000 tons. Same goes for July, as in 2024 the stock realization only reached 132,000 tons while in 2023 reached 254,000 tons, and the trend goes on to January where the stock is much higher in 2023.

Looking at the data trend, this shows that the issue is not at the downstream level but in the upstream level or the business actors.

At the end of his statement, he highlights that low availability in stocks will make the price go higher. Thus, he asked that the control effort begin from the upstream level although he is aware that it would not be easy.

(ad/fa/pr/nm)