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.