The government on Sunday said the country has sufficient stock of edible oils and it is keeping a close watch on the price as well as supply situation.
Indian FMCG players have said they are concerned about Indonesia's move to ban exports of palm oil, though some of them expect the decision is likely to have only transitory impacts
Indonesia has stopped palm oil export, the effect of which will soon be felt in India. Along with increased fertiliser subsidy bill and soaring fuel prices, it may widen India's current account defici
He added that a palm oil export target of 34 million tonnes in 2022 would be met
The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.
It's back to square one for India, one of the biggest consumers of Indonesian palm oil, days after Indonesia had said the ban would exclude crude palm oil
India's palm oil imports in May are set to rise above 600,000 tonnes despite the restriction imposed by Indonesia on exports
A medical team has taken the body parts of the tigers for necropsy, while the police are conducting a field investigation to uncover other factors causing the deaths
Indonesia said on Friday that the shipment halt will start from April 28 and last until the government deems a domestic shortage resolved
Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium.
Sri Mulyani Indrawati said that with demand exceeding supplies, the ban announced is "among the harshest moves" the government could take after previous measures failed to stabilize domestic prices
Loss of shipments from Ukraine, the world's top supplier of sunflower oil, and drought in the world's top soybean oil exporter Argentina had already sparked a sharp rise in global vegetable oil prices
The country meets almost 45% of India's annual palm oil demand; media reports say ban put in place to check soaring domestic prices of the commodity
The shipment halt will start from April 28 and last until the government deems the shortage resolved, said President Joko Widodo in a Friday briefing.
An earthquake with a magnitude of 6.0 on the Ritcher scale hit Indonesia's Sulawesi on Tuesday, as per the National Center for Seismology (NCS)."Earthquake of Magnitude: 6.0, Occurred on 19-04-2022, 06:53:13 IST, Lat: 7.20 & Long: 127.0, Depth: 50 Km, Location: 779km NNE of Kotamobagu, Sulawesi, Indonesia," NCS tweeted.There are no reports of casualties or loss of properties as of now. Further details are awaited.
Indian agriculture imports halted last late March to Southeast Asia nation, prompting New Delhi to put diplomatic pressure
India and Indonesia emphasised the need for greater bilateral maritime cooperation in the Indo-Pacific and agreed to improve connectivity between Andaman and Nicobar Islands and Aceh province.
Such a Cancer Patient Navigator (CPN) does not exist in Indonesia at present, and the MoU signed on Thursday is of significance in this context
Indonesian agriculture imports from India have come to a sudden standstill since the last few days after the authorities there barred the approval given to certification agencies based in India
A 6.0-magnitude earthquake jolted Indonesia's eastern province of North Maluku early Tuesday, the country's meteorology, climatology and geophysics agency said.