market-update No. 30-2022 oilseeds and vegetable oil
2022-04-27 | Palm oil export freeze causes prices for cooking oil to rise further
Indonesia has imposed a stop on palm oil exports. President Joko Widodo justified the move to secure supplies for the country's population. Due to the export ban, consumers worldwide must prepare for higher prices because palm oil is the most widely used vegetable fat. This decision does not only affect the availability of palm oil alone.
Indonesia has imposed a stop on palm oil exports. President Joko Widodo justified the move to secure supplies for the country's population. Due to the export ban, consumers worldwide must prepare for higher prices because palm oil is the most widely used vegetable fat. This decision does not only affect the availability of palm oil alone.