CPO ban a repeat of past mistake, says observer

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Minyak Goreng
Filling of bulk cooking oil (IO/ Almatin Abbas)

Jakarta, IO – Center of Economic and Law Studies (CELIOS) director Bhima Yudhistira views that the government’s decision to stop the export of CPO and cooking oil will only repeat the same mistake it made when it banned coal exports in January this year.

According to him, it is enough for the government to restore the 20% Domestic Market Obligation (DMO) policy for CPO it previously set.

Read: Gov’t bans exports of CPO and cooling oil

“When DMO was implemented, there was an issue with producers’ compliance which resulted in the gratification scandal. The 20% quota of total CPO exports to meet domestic needs is more than sufficient,” Bhima told CNNIndonesia on Saturday (23/4).