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Representational image. Photo: Collected
NBR

NBR lifts 5% advance import tax on crude soybean and palm oil

To avail this facility, the importers have to take prior permission of the Commerce Ministry

People shop for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan/Files
Analysis

Why Indonesia's palm oil export ban has not cooled cooking oil prices

A palm oil plantation is pictured next to a burnt forest near Banjarmasin in South Kalimantan province, Indonesia, September 29, 2019. REUTERS/Willy Kurniawan
Global Economy

Indonesia suspends all exports of palm oil

A worker loads palm oil fruit bunches at an oil palm plantation in Slim River, Malaysia August 12, 2021. REUTERS/Lim Huey Teng
Global Economy

Rats, drought and labour shortages eat into global edible oil recovery