Indonesian Palm Oil Association (GAPKI) Supports Palm Oil Domestic Market Obligation-Domestic Price Bond Policy

The Domestic Market Obligation (DMO) and Domestic Price Obligation (DPO) policies issued by the Ministry of Trade aim to maintain and fulfill the availability of cooking oil at affordable prices. The Indonesian Palm Oil Association (Gapki) supports the DMO and DPO policies issued by the government and continues to monitor their progress.

Secretary General of Gapki Eddy Martono said the DMO and DPO policies did not have an impact on the upstream oil palm sector. "So far, DMO and DPO have not had much impact on upstream palm oil and we will always support the government and provide input if the policy is deemed inappropriate," he said when contacted by Investor Daily. Executive Director of Gapki Mukti Sardjono said domestic consumption of palm oil for various needs will increase in 2022 but palm production is estimated to remain uncertain. One of the factors constraining palm oil production is fertilization which slows down in 2021 due to scarcity and rising prices of fertilizers that will affect productivity and production in 2022. He explained that 2021 palm oil production shows an anomaly where in the second semester it is usually higher than the first semester. in 2021 it will be even lower. Therefore, according to him, production in the first semester of 2022 will be an indication of whether the production decline will continue or there will be an increase. Mukti said that the production of CPO (crude palm oil) in 2022 is estimated to reach 49 million tons while PKO (palm kernel oil) will reach 4.8 million tons, bringing the total CPO and PKO to 53.8 million tons.

|•SOURCE•| Articles :INVESTOR | Image :AGRICULTURE |

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