Two palm oil shipments carrying 30,000 and 27,000 metric tonnes each departed Indonesia for Pakistan on Tuesday, allaying fears of a palm oil scarcity in the country.
Federal Minister for Industries and Production Makhdoom Syed Murtaza Mahmud led a delegation to Jakarta on June 12-14 on the orders of Prime Minister Shehbaz Sharif.
The visit’s goal was to mitigate the impact of Indonesia’s recent decision to limit palm oil exports on Pakistan’s economy and assure a stable flow of the commodity in the Pakistani market.
Before the end of June, another eight shipments of palm oil are slated to arrive in Karachi. Pakistan is Indonesia’s third-largest importer of palm oil. Indonesia supplied 2.78 million tonnes of palm oil to the country in 2021.
The minister met with Indonesian Minister of Trade Muhammad Lutfi and Minister of Industry Agus Gumiwang Kartasasmita during his visit. Luhut Binsar Panjaitan, Coordinating Minister of Maritime and Investment Affairs, and Agus Gumiwang Kartasasmita, Minister of Industries. The chairman of the Indonesian Palm Oil Association and representatives from the top palm oil exporters to Pakistan also paid a visit to the minister.