JAKARTA -- The cooking oil crisis in Indonesia, the world's largest producer of palm oil, is taking a new twist as allegations emerge of companies hoarding the commodity to sell at higher prices -- including one affiliated with Salim Group, one of the country's largest conglomerates.
Food & Beverage
Conglomerate Salim caught up in Indonesia's cooking oil crisis
Govt cracks down on alleged hoarders as record prices hit top palm oil country
Rising prices for cooking oil were a major contributor as Indonesia recorded its highest inflation rate in 20 months in January. © EPA/Jiji
Read Next
Latest on Food & Beverage
