Indonesia seizes tanker for violating palm oil export ban
Indonesia seizes tanker for violating palm oil export ban
Source: daily-sun.com
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RBI Hikes Key Lending Rate To 4.40%, First Time In 4 Years Over Surging Inflation: 10 Points
The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. The decision was taken by the monetary policy committee (MPC) in an off-cycle meeting with the central board held May 2-4.
Source: ndtv.com
Indonesia export ban traps 290,000 T of palm oil shipments for India
Indonesia export ban traps 290,000 T of palm oil shipments for India
Source: bdnews24.com
Indonesia Also Bans Crude, Refined Palm Oil Exports In Policy Reversal
Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil
Source: ndtv.com
As 290,000-tonne shipments get trapped, Indonesian palm oil export ban to hit India badly
On facing shortage of domestic supplies of cooking oil and soaring prices, Indonesia has imposed a complete ban on palm oil exports on Thursday. The ban has led to a huge crisis in the world as the country is the world's largest producer of the commodity, said media reports. It may also lead to the destabilisation of global vegetable oil market, where the prices are already hitting peak. The ban has also brought bad news for India, which is the world's biggest importer of palm oil.
Source: wionews.com