Support Price Stabilization, Sinar Mas Agro Continues Distributing Cheap Cooking Oil

PT Sinar Mas Agro Resources and Technology Tbk. (SMAR) will support the cooking oil price stabilization program. bInvestor Relations SMAR Pinta S. Chandra

SMAR continues to improve its ability to produce various palm oil-based derivative products with a broad portfolio to meet customer needs. which continues to grow. This is in line with the policy of the Government of Indonesia in encouraging downstreaming. He said, until the end of 2021, SMAR had distributed cooking oil at an affordable price of 600 thousand liters. This distribution policy will be continued by the company starting in January 2022. "The company will again support the government's policy in stabilizing prices through the distribution of cooking oil at affordable prices," he said when contacted on Thursday (1/13/2022). Meanwhile, until the end of September 2021, he said sales of all CPO derivative products including biodiesel and oleochemicals contributed 88 percent to the Company's total sales. Pinta added that the prospect of selling cooking oil this year is still good considering that this product is one of the staple food needs for the community. Cooking oil prices will always fluctuate influenced by movements in the international CPO market price, although the increase tends to be lower than the increase in CPO market prices

|•SOURCE•| Articles :BISNIS | Image :GLINTS |

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