Source: International Business Times
Indonesia accounts for more than half the global supply of the edible oil, used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo AFP Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP. Indonesia is the world's biggest producer of the edible oil -- used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo -- and accounts for more than half the global supply. But the 32 percent tariffs imposed on the country make it one of Asia's hardest hit by the US president's sweeping measures that have sent shockwaves around the world.
