Indonesian Palm Oil Prices Plunge Unusually, President Expresses Concern; Agriculture Minister Orders Investigation
Indonesia's fresh fruit bunch (TBS) palm oil prices have seen an unusual decline. Agriculture Minister Amran Sulaiman deems the situation anomalous, as TBS prices are falling despite rising global crude palm oil (CPO) prices and a strengthening rupiah. President Prabowo himself inquired about the issue, prompting the minister to order an investigation. Sulaiman vowed to take firm action to protect farmers, not ruling out price manipulation.
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