Palm Oil

Indonesians Pay Price Of Cooking Oil Crisis

About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.Millions of consumers and small business owners in the world's fourth most populous nation have been rattled for months by skyrocketing cooking oil prices.As the war between the two major grain and sunflower seed producers sent jitters through global markets, many producers rushed to shift their goods

10 June 2022
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Food Crisis: Malaysia Bans Chicken Exports

Malaysia says it will cut the export of chickens from the start of June because of shortages in the country.Elsewhere in Asia, India has banned wheat exports, while Indonesia blocked overseas sales of palm oil.It comes as the world faces the worst food crisis in decades following Russia's invasion of Ukraine.One agriculture expert has highlighted concerns about the potential rise of so-called "food nationalism" by governments in the region.Malaysian shoppers have seen chicken p

24 May 2022
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Indonesia To End Palm Oil Exports Ban On Monday

Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.The archipelago nation issued the ban last month to secure supplies of the commodity, used in a range of goods from chocolate spreads to cosmetics, in the face of a domestic shortage."Based on the supply...

21 May 2022
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Indonesians Struggle With Pricey Cooking Oil

As millions of Indonesians travelled to their hometowns to celebrate Eid al-Fitr, one common struggle was being discussed in most family gatherings: the price of cooking oil.“I always host Eid al-Fitr celebrations for my big family. I cook everything for around 20 of us.

11 May 2022
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Tackling Indonesia’s Poverty With Palm Oil

Indonesia, the world’s fourth most populous nation, and 10th largest economy in terms of purchasing power parity, has made enormous gains in poverty reduction – cutting the poverty rate by more than half since 1999, to 9.78 percent in 2020. Nevertheless, out of a population of 270.2 million, an estimated 26.42 million Indonesians still live below the poverty line.

16 February 2021
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Behind Mahathir’s tougher stance towards India

In March last year, when Malaysian Prime Minister Dr Mahathir Mohamad visited Pakistan, he made it clear that Malaysia will not take sides on the Kashmir issue. Nevertheless, at the United Nations (UN) General Assembly, he was a changed man.He accused India of "invading and occupying the country" of Jammu and Kashmir.

8 February 2020
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Can Radar Tech Clean Up The Palm Oil Industry?

The recent announcement that 10 of the world’s largest palm oil producers and buyers are supporting the development of a “new, publicly available radar-based forest monitoring system” may be nothing more than a publicity stunt.After all, technology is not the answer to solving one of Southeast Asia’s most pressing environmental problems – the effective implementation and enforcement of policies is.The slash-and-burn method is the cheapest and fastest way to clear land for farming, and over th

15 November 2019
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Indonesia arrests oil palm exec for journalists’ murder

An Indonesian palm oil executive has been arrested for allegedly ordering the killing of two activist journalists who were mediating a land dispute between his company and local residents, police said Saturday.Maraden Sianipar’s body was found last week in a ditch near a palm plantation in Labuhan Batu in North Sumatra province.Police found the remains of his colleague, Maratua Siregar, in the same area a day later.

11 November 2019
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Malaysia, India palm oil tensions over Kashmir

Malaysia's mammoth palm oil sector faces a new threat after Indian traders were asked to halt purchases amid a diplomatic row over Kashmir, piling further pressure on the industry as Europe also plans cutbacks.The Southeast Asian nation is the second-biggest producer after Indonesia of the oil, used in everything from food to cosmetics, in a sector long vilified by environmentalists who blame it for fuelling deforestation.With Western companies reducing use of the commodity as green grou

28 October 2019
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