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