KONTAN.CO.ID - JAKARTA. Indonesia's state food procurement agency, Bulog, said on Tuesday it is waiting for regulations to allow it to distribute bulk cooking oil, as authorities seek to ensure the supply and affordability of the household essential at local markets. The Southeast Asian country, the world top palm oil producer, has since April 28 halted exports of crude palm oil and refined products in a bid to control soaring local prices of cooking oil. Officials have said Bulog will be designated to help distribute subsidised cooking oil in order to intervene when prices are high, but as of Tuesday the agency's head said it had not yet been officially assigned the task.
Indonesia Food Agency Awaits Regulation to Distribute Cooking Oil
KONTAN.CO.ID - JAKARTA. Indonesia's state food procurement agency, Bulog, said on Tuesday it is waiting for regulations to allow it to distribute bulk cooking oil, as authorities seek to ensure the supply and affordability of the household essential at local markets. The Southeast Asian country, the world top palm oil producer, has since April 28 halted exports of crude palm oil and refined products in a bid to control soaring local prices of cooking oil. Officials have said Bulog will be designated to help distribute subsidised cooking oil in order to intervene when prices are high, but as of Tuesday the agency's head said it had not yet been officially assigned the task.