Kata Faisal Basri, Harga Minyak Goreng Meroket karena Pemerintah. Maksudnya? | Narasi Daily

Summary

The video discusses the recent surge in cooking oil prices in Indonesia, highlighting how government policies, including the implementation of a price ceiling and biodiesel programs, have contributed to the issue. Despite efforts to control prices, experts argue that the government's focus on using Crude Palm Oil (CPO) for both energy and food industries has created competition, pushing prices up. Economists like Faisal Basri suggest that the real problem is not a shortage of CPO but a shift in its domestic usage and high export demands, ultimately increasing prices for consumers.

Takeaways

• 😀 The price of cooking oil has been rising lately, with a notable spike in December, reaching up to 21,000 IDR per liter.
• 😀 The government implemented policies to control the price of cooking oil, including setting a maximum retail price starting in February 2022.
• 😀 Economist Faisal Basri attributes the high price of cooking oil to the government's actions, especially the competition between CPO (crude palm oil) for food and energy uses.
• 😀 CPO is a key commodity in both food and energy sectors, which, according to Basri, should be focused solely on food production rather than energy.
• 😀 Palm oil producers prefer to sell CPO for biodiesel because the international price is higher than domestic prices, making biodiesel more profitable.
• 😀 Despite the government's D20 biodiesel program boosting demand for CPO, the price of cooking oil remains high because the government has been favoring biodiesel over food industries.
• 😀 The government's subsidies for biodiesel are also seen as supporting palm oil producers, despite the ongoing issues with food oil prices.
• 😀 Basri dismisses the idea that cooking oil prices are high due to CPO export shortages or stock issues.
• 😀 The export of CPO only increased marginally from 34 million tons to 34.2 million tons, which does not explain the price surge in domestic markets.
• 😀 The increase in CPO supply for domestic use has been greater than the increase in exports, meaning there’s no real shortage of CPO in Indonesia's domestic market.

Q & A

Why did the price of cooking oil increase in Indonesia during December?

The price of cooking oil increased in December due to the rising price of palm oil, which was influenced by both domestic and international factors. At its peak, the price reached up to 21,000 IDR per liter.

What measures did the government take to address the high price of cooking oil?

The government implemented a policy in January 2022, including setting a maximum retail price (HET) for various types of cooking oil starting from February 1, 2022, to control the price.

What does economist Faisal Basri say about the cause of the high cooking oil prices?

Faisal Basri attributes the high price of cooking oil to government policies that caused competition between palm oil for food production and biodiesel, which inflated domestic prices.

What is Faisal Basri’s criticism regarding the government’s approach to palm oil?

Faisal Basri criticizes the government's decision to allow palm oil to compete between food and energy, suggesting that food commodities should be prioritized for consumption rather than for energy production.

Why do palm oil producers prefer to sell to the biodiesel industry?

Palm oil producers prefer to sell to the biodiesel industry because the international price of palm oil is higher than the domestic price, making it more profitable to sell to biodiesel producers.

How does the government support the biodiesel industry?

The government supports the biodiesel industry through a subsidy program and a mandatory biodiesel blending program (such as the D20 program), which increases the demand for palm oil in biodiesel production.

Did the export of palm oil contribute to the rise in cooking oil prices?

No, the rise in cooking oil prices was not caused by an increase in palm oil exports. Data showed that the export volume remained relatively stable, and the real issue was the increased absorption of palm oil domestically.

How did the domestic absorption of palm oil change over the years?

Domestic absorption of palm oil increased significantly, from 16.75 million tons in 2019 to 18.42 million tons in 2020, with a notable rise each year. This increase in domestic consumption was a key factor in higher domestic prices.

What did Faisal Basri say about the claims of palm oil scarcity due to export increases?

Faisal Basri denied the claims of palm oil scarcity, stating that the increase in domestic absorption was much greater than the slight rise in exports, meaning there was no shortage in the domestic supply.

How did the production of palm oil in 2021 compare to previous years?

Palm oil production in 2021 slightly decreased, from 47 million tons in 2020 to around 46.8 million tons in 2021. However, the decrease was minor and did not contribute significantly to the price rise.