Indonesia bans palm oil exports
The price of cooking oil has risen substantially as a result of Russias invasion of Ukraine. Palm oil is the most produced consumed and traded edible oil in the world. Lgfwph7wrv Ccm 1 day agoJAKARTA -- Indonesia the worlds largest producer of palm oil on Friday announced an export ban of the commodity amid a continuing cooking oil crisis in the country. . It has been running out of palm oil since November as farmers resort to exports to profit from global price increases. 1 day agoIndonesia announced on Friday a ban on palm oil exports in a bid to stymie the soaring domestic price of cooking oil. 1 day agoIndonesia the worlds largest producer of palm oil on April 22 announced an export ban amid a continuing cooking oil crisis in the country. President Joko Widodo said that he decided to ban exports of cooking oil and its raw material palm oil. Hundreds of people marched in Jakarta on Thursday to protest soaring food and oi...