Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Intelligence & Data
Sign In
Current Plan
Intelligence & Data Solution
Get started with Premium Plan of our Intelligence & Data Solution to get access to premium content and data in food and agriculture
Data Analysis

Indonesia's Domestic Palm Oil Prices Retract As Export Ban Takes Effect

RBD Palm Oil
Vegetable Oil
RBD Palm Oil
Market Situation


Domestic palm oil prices in Indonesia dropped 8% for the week ended May 2nd, after the government announced a complete ban on palm oil exports. The ban on palm oil exports is yet another attempt by the Indonesian authorities to bring down domestic prices and ensure the availability of cooking oils domestically. According to Indonesia's president, Joko Widodo, the ban will remain in place until domestic demand is met and prices stabilize.
May 3, 2022
By Theo Venter
Was this insight helpful?
Are you interested in our data?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.