Allegedly There Is A Cartel Playing, KPPU Brings Cooking Oil Problem To Legal Affairs

Photo: Antara

JAKARTA - The Business Competition Supervisory Commission (KPPU) will bring the issue of cooking oil to court, including regarding the indication of a cartel in the increase in commodity prices. law enforcement at KPPU," said Head of the Public Relations and Cooperation Bureau of KPPU Deswin Nur in Jakarta, Saturday, January 29. Deswin explained that in the law enforcement process, the initial focus will be on deepening various forms of behavior that have the potential to violate certain articles in the law. The law. "Various facts of scarcity, potential hoarding or price signals or behavior in the market will be part of the investigation. It will also help identify the potential reported in the matter," he said. Previously, KPPU saw that there was a cartel signal from rising cooking oil prices that happened later.

This is because large companies in the cooking oil industry are considered compact to raise prices simultaneously. In fact, based on the consentration ratio (CR) data collected by KPPU in 2019, it is seen that around 40 percent of the cooking oil market share is controlled by four large companies which also have plantation business, CPO processing, to several CPO derivative products such as biodiesel, margarine and cooking oil. "This cooking oil company is relatively raising prices together even though they each have their own oil palm plantations. This kind of behavior can be interpreted as a signal that whether there is a 'cartel'," said KPPU Commissioner Ukay Karyadi some time ago.