Indonesia, the world's largest palm oil producer, bans exports

Summary by Ground News

Indonesia is facing a shortage of domestic supplies of cooking oil and soaring prices. Authorities fear the scarcity and rising costs could provoke social tensions. Indonesia produces about 60 percent of the world's palm oil, with one-third consumed by its domestic market. India, China, the EU and Pakistan are among its major export customers.

4 months ago·Indonesia

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News24

Indonesia, the world's largest palm oil producer, bans exports

Indonesia began imposing a complete ban on palm oil exports Thursday, as the world's largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices.

4 months ago·South Africa

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Business Insider

Indonesia, the world's biggest palm-oil exporter, is facing a shortage of cooking oil — and it's going to affect the price of everything from cheese to candy bars

"As the world's biggest producer of palm oil, it is ironic that we are experiencing a shortage of cooking oil," said Indonesian President Joko Widodo.

4 months ago·United States

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Euronews

World’s biggest palm oil producer introduces surprise ban on exports

The ban comes after shortages have hit consumers already suffering from rising food and fuel costs.

4 months ago·France

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มติชนออนไลน์

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4 months ago

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TAZ

Rising food prices: Indonesia stops palm oil exports

The world's largest palm oil producer, Indonesia, wants to secure the food supply of its population. In the EU, vegetable fat is added to fuel.

4 months ago

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sunrise.ug

Indonesia bans palm oil exports, worsening global shortage of cooking oil, soap – Sunrise

Indonesia, the world’s largest producer of Palm oil on April 28, 2022 slammed shut its doors to exports of the vegetable oil product that is used in the production of a wide range of essential products such as cooking oil, soap shampoo and other cleaning items.Indonesia’s President Joko Widodo, in a televised address on Friday, justified the ban as necessary to ensure the availability of food products at home amid soaring inflation worldwide.Pre…

4 months ago

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