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Watch: Indonesia bans palm oil exports

Indonesia, is the world's top palm oil producer. All vegetable oil prices set to jump on supply disruption.

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by MARGARET WANJIRU

News25 April 2022 - 05:41
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In Summary


  • •All vegetable oil prices set to jump on supply disruption
  • •Palm oil - used in everything from cakes and frying fats to cosmetics and cleaning products - accounts for nearly 60% of global vegetable oil shipments

Indonesia, the world's top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. Libby Hogan reports

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