TheJakartaPost
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The deal appears to take aim at what analysts have said are concerns in Washington about China's stranglehold on many critical minerals and the offshoring of Chinese companies' operations to countries like Indonesia.
Higher palm oil imports by India, the world's largest buyer of vegetable oils, could help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark Malaysian palm oil futures, while pressuring US soy oil futures.
The Attorney General’s Office (AGO) has searched the house of former environment minister Siti Nurbaya Bakar as part of its investigation into corruption in the palm oil sector and now plans to summon her for questioning.
Environmental organizations, including the Indonesian Forum for the Environment (Walhi), attributed the severe impact of the Senyar Cyclone to large-scale deforestation and weak enforcement of environmental regulations in Sumatra Island.
Indonesia's unprecedented crackdown, which has seen military-led teams take over palm plantations and mines, has unnerved the industry, pushing up global palm oil prices over concerns it will hit output, and more recently, powering rallies in the prices of metals like tin.
