• Apr 29, 2022
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  Indonesia banned export of palm oil

  
  

  ... because of local shortage. Prices for it are up 40%, and people protested.
  

  
  

  Indonesia does 1/3 of global vegetable oil exports. 30m tonnes exported by them. India imports half its vegetable oil from Indonesia, 13m tonnes (60% of that is palm oil, 25% soybean oil, 12% sunflower seed oil). (Malaysia does 32% of India's imports to Indonesia's 55%.) There will now be much more demand than supply. 20% rise in priced expected in India.
  

  
  

  Poorer countries depend more on cheaper cooking oils like palm oil.
  

  
  

  #Indonesia #Globalism
  

   
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  <div><b>Indonesia banned export of palm oil</b></div><div><br></div><div>... because of local shortage. Prices for it are up 40%, and people protested. <br></div><div><br></div><div>Indonesia does 1/3 of global vegetable oil exports. 30m tonnes exported by them. India imports half its vegetable oil from Indonesia, 13m tonnes (60% of that is palm oil, 25% soybean oil, 12% sunflower seed oil). (Malaysia does 32% of India's imports to Indonesia's 55%.) There will now be much more demand than supply. 20% rise in priced expected in India. <br></div><div><br></div><div>Poorer countries depend more on cheaper cooking oils like palm oil. <br></div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/Indonesia"></a><a href="http://landandseajournal.com/post/hashtag/Indonesia"><a href="http://landandseajournal.com/post/hashtag/Indonesia">#Indonesia</a></a> <a href="http://landandseajournal.com/post/hashtag/Globalism"></a><a href="http://landandseajournal.com/post/hashtag/Globalism"><a href="http://landandseajournal.com/post/hashtag/Globalism">#Globalism</a></a><br></div>  

  Indonesia banned export of palm oil

  
  

  ... because of local shortage. Prices for it are up 40%, and people protested.
  

  
  

  Indonesia does 1/3 of global vegetable oil exports. 30m tonnes exported by them. India imports half its vegetable oil from Indonesia, 13m tonnes (60% of that is palm oil, 25% soybean oil, 12% sunflower seed oil). (Malaysia does 32% of India's imports to Indonesia's 55%.) There will now be much more demand than supply. 20% rise in priced expected in India.
  

  
  

  Poorer countries depend more on cheaper cooking oils like palm oil.
  

  
  

  #Indonesia #Globalism
  

   

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