Explainer: Why Indonesia's Palm Oil Export Ban Has Not Cooled Cooking Oil Prices
Selasa, 17 Mei 2022 | 16:39 WIB
KONTAN.CO.ID - Indonesia, the world's biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil.
Despite these tough policies that have rattled edible oil markets and cost hundreds of millions of dollars in lost revenue, the price of cooking oil, a staple for Indonesian families, has not come down, hitting the approval rating of President Joko Widodo.
- How are Indonesian authorities trying to rein in cooking oil prices?
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