Jordan News | Latest News from Jordan, MENA
June 26 2022 7:50 PM ˚
e-paper Subscribe Sign in My Account Sign out

Vegetable oils in stock are ‘sufficient’ for the next three months

(Photo: Envato Elements)
  • +
  • -
AMMAN — President of the Amman Chamber of Industry Fathi Jaghbir said that the Kingdom’s stock of vegetable oil, stored in factories and warehouses, will last for at least three months, according to Jo24.اضافة اعلان

There are seven plants that package vegetable oil in Jordan but do not manufacture it. In recent months, the price of raw materials has risen; for example, the price of 1 tonne of palm oil has risen from $700 to $2,400.

Jaghbir said that the present crisis "should give us an incentive towards self-reliance,” adding that the country should develop the industries necessary to produce vegetable oil.

However, he contended that Jordan’s the high operating costs would discourage investors. Obstacles such as high energy and transport costs, as well as “high taxes and duties” on raw materials should be addressed to promote manufacturing.

Read more National news