The decision comes as part of the ministry’s plan to stabilise prices and ensure the availability of high-quality olive oil amid a sharp decline in local production this season.
The government has imposed a ban on maize exports to curb further depletion of national stocks.
Farmers say that there are more than 1 million metric tons of paddy rice lying unsold in warehouses and on farms nationwide
The decline was primarily influenced by reductions in prices across major cereals, which contributed to the overall downward trend in global food commodities
The loan will enable SOGUIPAH to restart palm oil production, resume raw material purchasing, and enhance logistics operations, helping to stabilize the supply chain from farmers to markets.