INDONESIA PALM OIL BOARD SEES IMPROVED COOKING OIL SUPPLY IN SHORT TERM
28/04/2022 (Reuters), Jakarta - Indonesia should be able to resolve the country's cooking oil shortages not too long after the Muslim festival of Eid al-Fitr, which falls in early May, Sahat Sinaga, a senior official at the industry-run Indonesia Palm Oil Board, said on Thursday.
Previous measures to reduce cooking oil prices had not worked because of distribution problems and not due to supply shortages at the factory level, Sinaga told a virtual briefing.
He said he was confident now that the government's food procurement agency, Bulog, and other state firms had been tasked to handle distribution, that additional supply would arrive in markets and prices would come down. (Reporting by Bernadette Christina Munthe Writing by Gayatri Suroyo Editing by Ed Davies)