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Prices in the market soar, these are 5 cooking oil bosses in Indonesia, who have their own oil palm plantations

Stocks of cooking oil are abundant after a press release from the Coordinating Ministry for Economic Affairs with new prices appeared at a shopping center in Purwokerto, Thursday (17/3/2022). [Suara.com /Anang Firmansyah]

The government decided to revoke the HET policy and release the price of packaged Cooking Oil according to the economy

SuaraSurakarta.id – The government decided to revoke the Highest Retail Price (HET) policy and release prices Cooking oil economical packaging. It is now making a commotion in the community who will buy packaged cooking oil.

The Ministry of Trade (Mendag) Muhammad Luthfi said the cause of the cooking oil problem was the greedy mafia.

Through a session forum with Commission VI DPR, Luthfi apologized for not being able to handle the cooking oil mafia and speculators, on Thursday (17/03/2022).

But what is even more interesting, on the verge of the issue of scarcity of cooking oil, netizens are curious about the owners of cooking oil businesses in Indonesia.

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Here are 5 big bosses of cooking oil business owners in Indonesia, quoted from various sources.

1. Martua Sitorus

The owner of the Wilmar International Ltd Company, Martua Sitorus is called the king of Indonesian palm oil in Forbus magazine. The company he co-founded with Kuok Khoon Hong, a well-known businessman in Singapore who owns a leading agribusiness venture in Asia, and trades palm oil worldwide.

Cooking oil products from Wilmar International Ltd, are not even foreign to the people of Indonesia. Sania and Fortune cooking oil brands are the best-selling products in the market.

According to data from Forbes magazine, Martua Sitorus’ total net worth reaches US$2.9 billion.

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2. Anthony Salim

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