JAKARTA - Jokowi has banned the export of cooking oil raw materials. The Minister of Investment, Head of BKPM Bahlil Lahadalia, revealed the president's reasons. Disorganized businessman. There is a large amount of money from the world CPO price which is getting the upper hand than meeting domestic cooking oil production. As a result, the price of cooking oil has skyrocketed. Jokowi's policy also shook the world. CPO prices are getting higher and higher. You know / Indonesia / is counted as one of the largest CPO suppliers in the world / for the export market. This policy is bold. World observers predict that this policy will trigger global food inflation. Meanwhile, economists say that the ban will have economic implications. State revenue will be reduced. In March alone, Indonesia's CPO exports brought in a profit of $3 billion. Yes/ the affairs of CPO and its derivatives are indeed tempting to get money. Watch the video below.
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