Page 5 - Global Commodity Analytics News Today

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

Palm oil is the most consumed vegetable oil in the world, and Indonesia accounts for 35 per cent of global exports.

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine…

Indonesia’s decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming. The prices of palm, soybean, European rapeseed and even its Canadian genetically modified organism (GMO) counterpart, canola oil, have reached historic highs following Indonesia’s announcement on Wednesday. “We already had problems with soybeans in South America, with canola...

Indonesias decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

Indonesias decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

Vegetable oil prices are hitting new highs

Palm oil is the most consumed vegetable oil in the world

Every spring, farmers need to decide how much land they will devote to each commodity. Currently, this battle is still up in the air.