PathFinder 612K subscribers In this session Educator, Anirudh Aggarwal discussed World’s Largest Supplier Indonesia Bans Palm Oil Exports. Impact on India.
The Jakarta Post 72.7K subscribers For four months, the cooking oil prices in Indonesia have remained high although Indonesia is known as the world’s largest producer and exporter of palm oil.
The government has set the price of non-packaged cooking oil at Rp 14,000 (97 US cents) per liter, nationwide. Meanwhile, the retail price of cooking oil has climbed to Rp 24,000 ($1,67) per liter on April 19, 2022.
Coordinating Economic Affairs Minister Airlangga Hartarto said in an interview with The Jakarta Post that the increasing cost of cooking oil was triggered by the war in Ukraine and Russia.
According to stock market portal Markets Insider, the global price of crude palm oil (CPO) was US$1,376 per ton in January. After Russia’s invasion of Ukraine, the price skyrocketed, peaking at $1,935 per ton on March 1.
The Attorney General’s Office (AGO) named on April 19, 2022 four suspects in alleged corruption that has caused scarcity and high cooking oil prices in the country. One of the suspects is Trade Ministry’s Foreign Trade Director General Indrasari Wisnu Wardhana.
Reporter: Fadil Rianno Video Editor: Afifah Golda Producer: Abdur Rahim
Wise men do not get paid. The sustenance/parnassah of a man is depend on God the Almighty. He is your provider and protector. How many professor/bank executive/IT lecturer/policeman/writer did not have enough to settle their monthly bills?
IF your Creator wanted you to be rich or prosperous, just one announcement (they banned the palm oil export) already make you so rich without any college degree. Look at those founders which are actually not so smart also but when God wanted them to become rich, nobody can stop them.
SO, look to God, if you are entitled or having the merit to become prosperous, you do not have to depend on your rich uncle/cousin because sometimes and sometimes they are not merited to help you.
So look to your Creator daily and those merited and capable to help others.
Did FCPO collapse on this news? https://www.tradingview.com/symbols/MYX-FCPO1!/ It's already reflected in the late afternoon lah when CPO price shot down from RM6,700 to current RM6,200++. Yawn....
According to data from Indonesia's palm oil association (GAPKI) exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,561 posts
Posted by calvintaneng > 2022-04-23 13:57 |
Post removed.Why?