LAWMAKERS have proposed fuel vouchers, but the administration believes that a federally funded second stimulus program will be more helpful to the public.
Palm oil rallied after top producer Indonesia said it will ban all exports of cooking oil, a surprise move that threatens to worsen global food inflation and aggravate volatility in crop markets still reeling from the war.
Palm oil rallied after top producer Indonesia said it would ban all exports of cooking oil, a surprise move that threatens to worsen global food inflation and aggravate volatility in crop markets still reeling from Russia’s invasion of Ukraine.
Indonesia on Friday said that the shipment halt would start from Thursday and last until the government deems a domestic shortage resolved.
Benchmark palm oil futures rose as much as 7 percent, while Indonesia plantation stocks tumbled.
The move by Indonesia, which accounts for one-third of global edible oil exports, adds to a raft of crop protectionism around the world since Russia’s invasion of
Palm oil rallied after top producer Indonesia said it will ban all exports of cooking oil, a surprise move that threatens to worsen global food inflation and aggravate volatility in crop markets still reeling from the war. Indonesia said on Friday that the shipment halt will start from April 28…