Jump to content

News Forum - Amidst shortage, cooking oil ‘mafias’ form in Indonesia


Recommended Posts

As the global price on crude palm oil surges, Indonesia faces a shortage of cooking oil. The Russia-Ukraine crisis has impacted the supply of vegetable oil in Indonesia, making palm oil more expensive. In November last year, the global CPO price was about US$1,300 per tonne. Now, it’s US$1,600 per tonne. Indonesian authorities tried to enforce one price, 14,000 rupiah per litre, for cooking oil across the country. But retailers continue selling oil above that price. Now, cooking oil ‘mafias’ have formed in the country. After police raided warehouses, they found at least three to be hoarding cooking oil in […]

The story Amidst shortage, cooking oil ‘mafias’ form in Indonesia as seen on Thaiger News.

Read the full story

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use