Another impact, said Sihar, is that it will lead to rampant smuggling due to the high price disparity in cooking oil prices and other negative impacts.
Meanwhile, the correlation between the export ban and the price of cooking oil is not necessarily positive. This has been proven since the ban came into effect.
“In fact, it has caused a drop in the price of fresh fruit bunches (FFB) in the domestic market, which is now widely protested by oil palm farmers,” said Sihar. (at)