Fear of cooking oil shortage, spike in prices as 290,000 tons stuck in Indonesia
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.
