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Indonesian Minister of Industry Agus Gumiwang Kartasasmita confirmed that the agreement between the United States and Iran to open the Strait of Hormuz will help restore global logistics supplies for plastic materials. This comes as markets face disruptions in raw material supplies.
The Indonesian government has announced the securing of naphtha supplies, a key material for plastic production, from countries like India, Africa, and the United States. This decision, made amidst Middle Eastern unrest, aims to stabilize the local industry.
Indonesian Deputy Speaker Edi Supriano urges the government to take proactive measures against rising plastic and fertilizer prices due to the global energy crisis caused by the closure of the Strait of Hormuz. He emphasizes that the shortage of oil supplies will directly impact the prices of essential goods.
The Indonesian government announced plans to import raw materials for plastics from Africa and America due to rising plastic prices in the country. This decision comes as Indonesia faces challenges in securing its needs for these materials.
Indonesian Trade Minister <strong>Budi Santoso</strong> announced that the government is actively searching for alternative raw materials for plastic production due to tensions affecting <strong>naphtha</strong> imports from the <strong>Middle East</strong>. This initiative aims to ensure supply stability amidst global market fluctuations.
Experts predict that the record rise in oil prices will soon impact the prices of other commodities, such as plastics. This comes at a time when the world is experiencing increasing economic volatility.