Pakistan, a potential market that needs Indonesia

Published 2024년 1월 17일

Tridge summary

In 2022, Pakistan faced a shortage of palm oil reserves, leading to panic as the country's main food needs would only be enough for less than a week. Abdul Raseed Jan Muhammad, a Pakistani businessman, lobbied the Indonesian government to open the export faucet to Pakistan, ultimately resulting in an agreement for Indonesia to send 2.5 million metric tons of palm oil to Pakistan. The potential for Pakistan to develop palm oil as a reserve to meet domestic needs is now emerging, and both countries are working on trade cooperation that will benefit them both.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pakistan (AGRINA-ONLINE.COM) - In 2022, amidst the shortage of cooking oil experienced by many countries, President Joko Widodo said that a high-ranking official called and asked him to open the tap for palm oil exports from Indonesia to his country. At that time, Indonesia was implementing an export ban policy due to a shortage of cooking oil in the country. The President wants all parties to improve and overcome this condition. Horror occurred at that time in Indonesia, the price of cooking oil was exorbitant, mothers fought over cooking oil because it was scarce. However, ironically, crude palm oil (CPO) storage tanks are also full because exports are prohibited and farmers queue for days while letting the fruit rot slowly. On the other side of the world, Pakistan, which is the third most populous country in Asia and with the fifth largest population in the world, namely 235 million people, is also experiencing panic. How could it not be, the reserves of palm oil, which is one ...

Source: Agrina