News Forum - Amidst Indonesia palm oil crisis, farmers support export ban

[Thaiger]

Amidst an ongoing surge in the crude price of palm oil, Indonesian farmers support the country’s palm oil ban set to begin on April 28. While some politicians have criticized the ban, Indonesia’s Oil Palm Farmers Union said today that the ban is a “temporary ban” necessary for supply and affordability of cooking oil in the domestic market. Last month, cooking oil ‘mafias’ formed in Indonesia due to the country’s shortage on the product. The Russia-Ukraine crisis has impacted the supply of vegetable oil in Indonesia, making palm oil more expensive. In November last year, the global CPO price was […]

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[palooka]

Sunflower oil is now becoming a shortage problem also due to the Ukarine /Russia conflict.

Probably not affect prices until stocks start running low or the greedy get "Kaching" (cash register sound) noises saying money to be made here.

I'll go with the latter, you can rely on greed.

[astro]

Prices here in Germany have already more than doubled.

Mainly because some idiots buy much more oil than they need out of fear.

They also stock up on toilet paper... no idea what is wrong with Yermans.