Indonesia to consider subsidising cooking oil to curb inflation

JAKARTA, Dec 25 (Reuters): Indonesia is considering subsidising cooking oil for its domestic market using revenue from a palm oil export levy, as authorities seek to keep inflation in check amid a rise in commodity prices, its trade minister has announced.

Indonesia, the world's biggest producer and exporter of palm oil, has been benefiting from high commodity prices, which have driven exports to record levels. And unlike in some other economies, its consumer inflation has so far appeared relatively unaffected.