date:May 24, 2022
ces below 14,000 rupiahs (US$0.96$) per liter was not reached.
With the palm oil market leader rejoining the free trade markets and Malaysia production efforts going full steam with a halve in palm oil export taxes and oil for food over biodiesel focus vegetable oil prices might finally take a needed dive.
The FAO food index puts this commodity at around 240% higher prices in April compared to 2020.
Close monitoring
The state procurement agency, Bulog, assigned to manage an oil buffer stoc