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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.
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.
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.