Get unlimited access to our best features
Subscribe now

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

News Articles

More Filters
All
Left
Center
Right
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
Read Full Article
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
Read Full Article
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
Read Full Article

Indoban exports palm oil after domestic prices plunge

INDONESIA'S BAN ON PALM OIL EXPORTS BEGAN TO TAKE EFFECT FROM APRIL 28, WITH THE EXPORT BAN APPLYING TO CRUDE PALM OIL, VIRGIN PALM OIL (RPO), PALM OLEIN OIL AND USED COOKING OIL, CHANNEL NEWS ASIA WEBSITE REPORTED.

4 months ago
Read Full Article

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
Read Full Article

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
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

67% of the sources lean Left
Business Insider
Euronews
News24
L 67%
C 33%
See less detail