JAKARTA (Reuters): Indonesia's anti-trust agency is investigating eight cooking oil producers on suspicion of cartel practices amid high retail prices, its chief Ukay Karyadi said on Thursday (March 31).
The agency, known as the KPPU, first launched its probe in January when cooking oil prices were surging and is now focusing on eight companies that together control more than 70 per cent of Indonesia's cooking oil market, Mr Ukay told a parliamentary hearing, without naming the companies.
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