Actually, Why Bimoli Producer Owned By Conglomerate Anthony Salim Saving 1.1 Million Kilograms Or 80,000 Cartons Of Cooking Oil?

Illustration. (Photo: Doc. Antara)

JAKARTA - A subsidiary of PT Indofood Sukses Makmur Tbk (INDF), PT Salim Invomas Pratama Tbk (SIMP) is suspected of stockpiling 1.1 million kilograms of cooking oil in Deli Serdang, North Sumatra. The company, owned by conglomerate Anthony Salim, argued that the cooking oil was not to be stockpiled, but ordered and ready to be shipped.

SIMP stated that the company's cooking oil factories prioritized meeting the cooking oil needs of the Indofood Group's instant noodle factories spread throughout Indonesia, including in Deli Serdang.

"This is to ensure that food needs are well supplied," wrote the company's management.

The 1,100 tons of cooking oil found by the Food Task Force is equivalent to 80,000 tons of cartons for delivery in 2 to 3 days. The Food Task Force said brand B cooking oil was found amid a shortage of stock at modern retailers.

SIMP stated that all available stock is on order and ready to be distributed to customers in the next few days. On the other hand, the company's cooking oil production at the Lubuk Pakam factory, Deli Serdang is allocated mainly for the needs of Indofood's instant noodle factory in Sumatra with a volume of 2,500 tons per month.

"In addition to meeting our own needs, the advantage is that we process it into branded cooking oil in various sizes, especially 1 liter and 2-liter packages of 550,000 cartons per month."

The supplies, the company continued, are routinely distributed to distributors and modern markets affiliated with the Indofood Group located in Aceh, North Sumatra, West Sumatra, Riau, South Sumatra, and Jambi.

"SIMP as a company that grows and develops in Indonesia always complies with all applicable rules and regulations in Indonesia. In this case, it is related to the regulations of the Ministry of Trade," continued SIMP.

As is known, the Ministry of Trade has set a new policy on the highest retail price (HET) for cooking oil, in line with the enactment of the obligation for palm product producers to supply raw materials at special prices for domestic needs.

With the domestic price obligation (DPO) policy of IDR 9,300 per kilogram of CPO and IDR 10,300 per kilogram for olein oil, the HET for bulk cooking oil is set at IDR 11,500 per liter and premium packaged cooking oil is set at IDR 14,000 per liter.

SIMP is recorded as producing a number of packaged cooking oil brands, including Bimoli, Bimoli Special, Delima, and Happy. Sales of the company's cooking oil throughout 2021 were also boosted by the increase in world CPO prices.

The company's financial reports show an annual sales increase of 37 percent to IDR 14.13 trillion in the third quarter of 2022. This growth was supported by the increase in the average selling price (ASP) of palm products and vegetable oil and fat products, particularly the increase in sales volume. cooking oil products.

SIMP's revenue from selling cooking oil and vegetable oil on contracts to customers during January-September 2021 reached IDR 11.66 trillion. Of the total sales, the largest revenue came from domestic sales of IDR 9.31 trillion, while exports amounted to IDR 2.35 trillion.

As explained, SIMP does indeed distribute cooking oil to business entities under the Indofood Group. PT Indofood CBP Sukses Makmur Tbk. (ICBP) and PT Indomarco Adi Prima are the largest customers with individual cumulative sales of more than 10 percent each of total sales. Sales of vegetable oils and fats to ICBP during January-September 2021 reached IDR 2.02 trillion.

Meanwhile, for sales to Indomarco Adi Prima IDR 1.75 trillion. Indomarco Adi Prima is a subsidiary of INDF which is engaged in the distribution or distributor of consumer products. The company is also a distributor for PT Indomarco Prismatama, the Indomaret retail network management company.