JAKARTA : Indonesia's anti-monopoly agency on Tuesday called for tighter controls on how much palm oil plantation area a business group can operate, to reduce the risk of unfair competition in the downstream cooking oil industry.
KPPU found in an initial analysis that just five business groups in Indonesia control a large chunk of the country's palm plantation area and that the area they control is larger than allowed, director Marcellina Nuring said in an online briefing on Tuesday. "If a business group is deemed to have exceeded the proper limit, their plantation permits should be redistributed so they are not overly dominant in the upstream sector," KPPU chairman Ukay Karyadi said.
He welcomed the government's plan to audit palm oil companies and require to move their headquarters to Indonesia.
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