Workers in Indonesia load palm oil fresh fruit bunches to be transported from the collector site to factories. On Thursday, Indonesia said it will lift its three-week-old palm oil export ban starting on Monday due to improvements in its domestic cooking oil supply. Photo: Reuters
Workers in Indonesia load palm oil fresh fruit bunches to be transported from the collector site to factories. On Thursday, Indonesia said it will lift its three-week-old palm oil export ban starting on Monday due to improvements in its domestic cooking oil supply. Photo: Reuters
Indonesia

Indonesia’s Joko Widodo plans to lift palm oil export ban in relief to global markets

  • Palm oil is used in everything from food to soap to fuel, and the move by Indonesia threatened to push up costs even more across multiple supply chains
  • Ban rattled global vegetable oil markets already struggling after the war in Ukraine removed a large chunk of sunflower oil supply

Workers in Indonesia load palm oil fresh fruit bunches to be transported from the collector site to factories. On Thursday, Indonesia said it will lift its three-week-old palm oil export ban starting on Monday due to improvements in its domestic cooking oil supply. Photo: Reuters
Workers in Indonesia load palm oil fresh fruit bunches to be transported from the collector site to factories. On Thursday, Indonesia said it will lift its three-week-old palm oil export ban starting on Monday due to improvements in its domestic cooking oil supply. Photo: Reuters
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