All the World Blames Indonesia For Skyrocketing Food Prices, Apparently All Indonesia Donations To Oil Exports Around the World and Indonesia’s Importance to the World! – Quintessence
ARYA DARU PANGAYUNAN/Kompas.com
Illustration. North Sumatras Adolina oil palm plantation.
Abstract – ONLINE.COM – INDONESIAN PALM OIL EXPORT PROHIBITION comes into effect this Thursday in ONE OF THE PROTECTION CASES MOST DRASTIC FOOD SINCE THE WAR RUNS IN UKRAINE.
INDONESIA AS THE TOP SENDER imposes a ENTIRE PROHIBITION on COOKING OIL EXPORTS, which includes PALM OIL PRODUCTS IN ENTIRE VALUE CHAIN.
Its hard to overstate the importance of TROPICAL OIL as it is found everywhere today — in FOOD, SOAP, LIPSTICK, AND EVEN PRINTING INK — what makes INDONESIA STEP IMPORTANT FOR WORLD.
The move added to the impact of Russias invasion of Ukraine, which plunged the global vegetable oil market into chaos, such as written by Anuradha Raghu, Pratik Parija, and Echo Listyorini in their opinion articles on Bloomberg.
With the cost of food soaring to an all-time high, the government is taking steps to secure their supply alone.
The United Nations has urged leaders to keep trade remains open, warning that protectionism will raise prices and lead to empty shelves in countries that dependent on imports.
In a move that illustrates the countrys determination to uphold the ban, the Navy said it detained two ships tankers carrying palm oil bound for India and the United Arab Emirates for alleged export control violations.
The Indonesian Navy will increase surveillance and security in state waters its to prevent smuggling.
Indonesias export ban is inflation for everyone, says Atul Chaturvedi, president of the Association of Solvent Extractors of India.
India is a major importer of palm oil and gets about 45% supply from the Southeast Asian country.
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