Palm oil exports in May were their highest in seven months and up 15% in April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, according to five industry officials. Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices, which …
Signs of discontent with Jakarta are emerging in countries that rely heavily on palm oil, such as India and Pakistan. President Joko “Jokowi” Widodo has justified the ban, announced on April 22, as a short-term measure after domestic prices of cooking oil, of which palm oil is a key ingredient, soared more than 50 percent. Indonesia is the largest producer …
Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. According to the officials, the disruption in shipments after Indonesia widened its export ban to include crude and refined palm oil will create a vegetable oil shortage in top importer India. Last week, Widodo had imposed an export ban …
Indonesia the world’s biggest edible oils shipper, will widen an export ban to include crude palm oil, adding to uncertainty in a market that’s suffered dizzying price swings and threatening to worsen global food inflation. The ban will be expanded to crude palm oil, RBD palm oil and used cooking oil, Coordinating Minister for Economic Affairs Airlangga Hartarto said at …
