25.9 C
Brunei
Tuesday, August 9, 2022
25.9 C
Brunei
Tuesday, August 9, 2022
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    Indonesian president replaces trade minister over cooking oil crisis

    JAKARTA (AFP) – Indonesian President Joko Widodo replaced his trade minister on Wednesday over a cooking oil crisis that has roiled global markets, saying “the people need someone experienced”.

    Despite being the world’s biggest palm oil producer, Indonesia has been dealing with domestic shortages and price increases for months as the Ukraine war chokes global supplies.

    In April, the government imposed a now-lifted palm oil export ban, further stunning global markets after Russia invaded its neighbour.

    On Wednesday, Widodo removed Muhammad Lutfi from his post in a Cabinet shake-up, naming Zulkifli Hasan, who sits in the ruling coalition, as his successor.

    More details on Thursday’s Borneo Bulletin

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