Stay updated with breaking news from Refiners Association. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Long lines of trucks trying to unload palm fruit formed outside Indonesian processing mills this week, illustrating the growing cost of a palm oil export ban by the world's biggest producer.
Indonesia produces around 4 million tonnes of palm oil every month and consumes around 1.5 million tonnes.
MUMBAI—Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm ...
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine. The move by the world’s biggest palm oil producer to ban exports from Thursday will lift ...
Stocks of edible oil manufacturers zoomed in early trade today after Indonesia, the world's largest exporter of palm oil, announced a ban on its export from April 28. The ban on palm oil exports by Indonesia will push the prices of edible oils higher, which have already been on the boil due to the ongoing Russia-Ukraine war.