Archived News

Edible oil prices see the biggest increase in Bangladesh's history as the government moves to put an end to the unprecedented crunch of the essential cooking item.

28/04/2022 (The Sun Daily), Petaling Jaya - The subsidy provided by the government for palm oil-based cooking oil will have to be increased due to the decision by Indonesia to ban the export of palm oil.

28/04/2022 (Hindustan Times) - Indonesia President Joko Widodo's drastic measures to control food prices by banning palm oil exports have come into effect from Thursday. India is the world's biggest importer of palm oil and relies on Indonesia for nearly half of the 700,000 tonnes it takes every month. Palm oil industry officials in India told news agency Reuters that the ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at ports and oil mills in the world's top producer.

28/04/2022 (Markets Insider) - Indonesia, the world's largest edible oils exporter, said a domestic shortage of cooking oil has prompted it to impose a blanket ban on the export of palm oil starting today.

28/04/2022 (The Edge Markets), Kuala Lumpur – Malaysian palm oil stocks rose on optimism its producers would gain from Indonesia’s decision to widen its export ban to include all palm oil products from the country.

28/04/2022 (The Edge Markets), Kuala Lumpur - The Indonesian government’s strict measure of banning all palm oil exports would likely cause Indonesian plantation players to suffer, while pure upstream players as well as those with downstream capacities in Malaysia would emerge as winners, according to investment analysts.

28/04/2022 (The Star Online), Abidjan - Djeneba Belem's fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence: runaway palm oil prices.

28/04/2022 (The Malay Mail), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) remains confident that Malaysia would be still able to supply to the global demand for palm oil following Indonesia’s ban on the export of the commodity beginning today.

28/04/2022 (Reuters), Jakarta - Indonesia should be able to resolve the country's cooking oil shortages not too long after the Muslim festival of Eid al-Fitr, which falls in early May, Sahat Sinaga, a senior official at the industry-run Indonesia Palm Oil Board, said on Thursday.

28/04/2022 (The Sun Daily) - I read very attentively the Plantation Industries and Commodities Minister, Datuk Zuraida Kamaruddin’s letter in The Sun under the title “Future-proofing palm oil from adverse Western propaganda”. To my surprise, the letter contains several inaccurate references bound to mislead the readers, I would therefore like to clarify some of them.

28/04/2022 (New Straits Times) - Indonesia, the largest producer and exporter of palm oil in the world, has just announced it will stop exporting it.

27/04/2022 (The Edge Markets) - Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal.