Indonesia, the biggest producer, and exporter of oil are experiencing domestic shortages that the government has been forced to place curbs on shipments and introduce price controls. For the year 2021-22 (October to September), Indonesia’s vegetable oil production has been predicted to be 45.5 million tonnes (mt) consistent with the US Department of Agriculture (USDA). This is around 60% of the world’s total production of vegetable oil. The second-largest producer is Malaysia (18.7 mt). Indonesia is additionally the world’s largest exporter of vegetable oil (29 mt) and Malaysia (16.22 mt) comes in second place. In Indonesia, the costs of domestic branded oil have increased to 22,000 Indonesian rupiahs (IDR) per litre from 14,000 IDR between March 2021 to March On 1st Fe...
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