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Indonesia to lift ban on palm oil exports from May 23

The archipelago nation had issued the ban last month to secure supplies of the commodity.
Indonesia to lift ban on palm oil exports from May 23 (Reuters)
Indonesia to lift ban on palm oil exports from May 23 (Reuters)
Published on May 19, 2022 05:50 PM IST
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AFP |

Central panel to keep track of essentials as prices soar

Union food secretary Sudhanshu Pandey will head the panel, which recently reviewed the availability of edible oils in the country and met representatives of major oil processing associations.
Edible oil prices have remained elevated due to global supply disruptions and have knocked household budgets. (AFP)
Edible oil prices have remained elevated due to global supply disruptions and have knocked household budgets. (AFP)
Updated on May 02, 2022 05:24 AM IST
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Putin, Zelensky accept Indonesia’s G-20 invite

The presidents of Russia and Ukraine have accepted invitations from Indonesia, the current chair of the Group of 20, for a big ticket summit in November.
Putin, Zelensky accept Indonesia’s G-20 invite
Putin, Zelensky accept Indonesia’s G-20 invite
Published on Apr 29, 2022 07:01 PM IST
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Bloomberg |

How Indonesia's policy stumbles over palm oil have unfolded

Trade Minister Muhammad Lutfi removed export curbs on March 18 and, instead, increased the palm oil export levy, blaming a "palm oil mafia" for exploiting the situation.
How Indonesia's policy stumbles over palm oil have unfolded (Reuters)
How Indonesia's policy stumbles over palm oil have unfolded (Reuters)
Published on Apr 29, 2022 04:54 PM IST
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Reuters |

Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia

India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month.
A shopkeeper packages cooking oil at Kambing Market in Jakarta, Indonesia, on Thursday.(Bloomberg)
A shopkeeper packages cooking oil at Kambing Market in Jakarta, Indonesia, on Thursday.(Bloomberg)
Updated on Apr 28, 2022 06:24 PM IST
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Thursday, May 26, 2022