INDONESIA’s anti-monopoly agency has accused 27 cooking oil companies of unfair business practices, saying it has enough evidence to put together a formal case against them.
JAKARTA Activists have welcomed the Indonesian government’s announcement to carry out a nationwide audit of all palm oil companies operating here, in response to a shortage of cooking oil that has wracked the world’s top producer of palm oil. “What’s happening in the cooking oil industry is very dirty, because it’s filled with many […]
Shares of some of Indonesia s biggest palm oil companies slumped on Monday, while the rupiah headed currency falls in Asia, after the government announced it would ban palm oil exports later this.
Shares of some of Indonesia’s biggest palm oil companies slumped on Monday, while the rupiah headed currency falls in Asia, after the government announced it would ban palm oil exports later this week to help control domesticcooking oil prices. Indonesia, which is the world’s top producer and exporter of the edible oil, sent a shockwave .