PTPN Helps Production Of Cheap Cooking Oil, Erick Thohir: Meets Target Of 1.2 Billion Liters

SOE Minister Erick Thohir. (Photo: Doc. Ministry of SOEs)

JAKARTA - The government continues to strive to meet the need for cooking oil consumption at affordable prices and to maintain price stability in 2022. One way is through PT Perkebunan Nusantara III (Persero) or PTPN III by operating the retail cooking oil market of 100 thousand liters with INL brand in North Sumatra.

This cooking oil market operation was carried out in 3 places, namely in Kuala Tanjung as many as 300 cartons with a size of 900 ml, Sionggang Tengah as many as 300 cartons with a size of 900 ml and the area around the University of North Sumatra as many as 400 cartons with a size of 900 ml on January 8, 2022.

The price set for this cooking oil market operation is IDR 12,600 per 900 ml with a maximum purchase of 2 pcs.

The commitment begins with the procurement of low-cost markets by PTPN Group. PTPN provides subsidized cooking oil prices sourced from PTPN Group CSR funds for this low-cost market.

PTPN Group through its subsidiaries PTPN IV and PT Inti Nabati Lestari (INL) immediately prepared this brand's special packaging which was produced in less than 3 months to provide convenience for the community, namely by providing affordable cooking oil prices.

SOE Minister Erick Thohir said the government would continue to make various efforts to help ease people's access to cooking oil at affordable prices.

Furthermore, Erick said that this market operation was carried out in accordance with the direction of President Joko Widodo (Jokowi) who targeted 1.2 billion liters of cooking oil.

"According to what the president has directed, the Ministry of BUMN and PTPN carry out additional market operations where from the target of 1.2 billion liters, we will also contribute part of it, but the product brands will be different later," Erick said, in an official statement, quoted by Antara. Monday, January 10.

Erick said, a subsidiary of Plantation Holding, PT Industri Nabati Lestari (INL), is developing the production of CPO derivatives. Erick said that the simple packaging for INL was only developed when oil prices soared last year.

"We use the INL brand because this is a special economic brand (value for money). For the time being, the Medan and North Sumatra areas will circulate first," said Erick.

Erick said that starting January 2022, SOEs have had three oil products with different segments, namely Nusakita 100 percent price index from the market leader (bimoli), Salvaco (92-95 percent price index bimoli), and simple packaging INL 88 to 90 percent market price index. leader/bimoli).

"We have just started investing in the packaging machine capacity this year and will continue to grow until 2023," said Erick.