Two cargoes of palm oil containing 30,000 and 27,000 metric tons departed Indonesia for Pakistan on Tuesday, easing concerns about a palm oil scarcity in the nation.
Federal Minister for Industries and Production Makhdoom Syed Murtaza Mahmud led a team to Jakarta from June 12-14 under the command of Prime Minister Shehbaz Sharif.
The purpose of the visit was to lessen the impact of Indonesia’s recent decision to limit the export of palm oil on Pakistan’s economy and to assure a stable flow of the commodity in the Pakistani market.
Another eight palm oil cargoes are planned to arrive in Karachi by the end of June. Pakistan is Indonesia’s third-largest importer of palm oil. The nation purchased 2.78 million tonnes of palm oil from Indonesia in 2021.
During his tour, the minister met with Indonesian Trade Minister Muhammad Lutfi and Industry Minister Agus Gumiwang Kartasasmita. Luhut Binsar Panjaitan, Minister of Maritime and Investment Affairs, and Agus Gumiwang Kartasasmita, Minister of Industries, are coordinating. Representatives from Pakistan’s top palm oil producers, as well as the Chairman of the Indonesian Palm Oil Association, also met with the minister.