Indonesia Presses India for Predictable Palm Oil Import

INDONESIA, THE WORLD'S largest producer and exporter of crude palm oil (CPO), on Wednesday called for a "predictable policy" on cooking oil shipments to India.

- SANDIP DAS

Speaking to FE, Ina Hagniningtyas Krisnamurthi, Indonesia's ambassador to India, said: "We both are populous countries in the world and have large domestic markets to cater to. We need to have a predictable policy, taking into consideration the supply and demand side issues.

She said that there is a need for openness in understanding the stock management policies of both governments. "We hope that predictable policies or certainty policies will not hamper the trade itself".