Somebody sent me an email. It says that CPO is used to make biofuel, but it is also an ingredient to make cooking oils. Now, people are more interested in exporting CPO to countries outside Indonesia. This creates a higher price of cooking oil.I don't know whether the above story is accurate, but definitely the price of cooking oil is skyrocketing in Indonesia. I guess, that above scenario is possible. If it is true, then biofuel is a recipie for (price) disaster in Indonesia.
What do you think?