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15 Indonesian cooking-oil producers face antitrust questioning over cartel allegations (update*)

By Jet Damazo-Santos ( February 21, 2022, 10:26 GMT | Insight) -- As many as 15 cooking-oil producers—including the four biggest ones that account for almost half the Indonesian market—are facing antitrust questioning this month, amid growing public pressure over the rising prices of the staple good and the discovery of an Indofood subsidiary warehouse with a stockpile of over 1.1 million kilos of cooking oil.As many as 15 cooking-oil producers are being questioned by Indonesia's antitrust regulator this month as part of its probe into whether a cartel is behind the rising prices of the staple good, a spokesperson told MLex....

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