Back to Investigate the Cooking Oil Cartel

Head of the Public Relations and Cooperation Bureau of the Business Competition Supervisory Commission (KPPU), Deswin Nur, said his agency had raised the status of cooking oil cartel research to become an investigation or started to enter the legal realm.

According to Deswin, law enforcement begins with deepening the behavior of business actors in the cooking oil market and its distribution channels. "We will also summon parties related to the alleged cartel," he told Tempo yesterday. KPPU is setting a meeting schedule with various parties to gather evidence. The investigation, he said, is expected to last three to four months. The cartel is currently studying the increase in cooking oil prices in line with the increase in crude palm oil (CPO) prices in the middle of last year. As a result, cooking oil prices are far from the highest retail price (HET).According to KPPU Commissioner, Ukay Karyadi, the increase in oil prices Frying occurred simultaneously after the CPO price spiked. "This behavior can be interpreted as a signal, whether it is because of the cartel or not. Legally, it must be proven," he said on January 20. According to KPPU Commissioner, Ukay Karyadi, the increase in cooking oil prices occurred simultaneously after the CPO price spiked. "This behavior can be interpreted as a signal, whether it is due to a cartel or not. Legally, it must be proven," he said on January 20. Ukay stated that the national cooking oil market leads to an oligopoly structure if it refers to the market concentration ratio (Cr). Based on data processed by KPPU, 46.5 percent of cooking oil sales are controlled by four companies. Even though there are 32 companies that play in this business. If you look at the market share of more than 5 percent, there are six of the 32 cooking oil industry players who control 60.7 percent of the market share. Ukay said the rulers of the cooking oil market have integrated businesses, from palm oil plantations, CPO processing, to cooking oil factories.

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