The Russians were told what the ban on the supply of palm oil in Indonesia will lead to

Published 2022년 4월 26일

Tridge summary

Starting from April 28, Indonesia, the world's largest palm oil producer, will temporarily halt its exports of the oil due to a desired priority for domestic use. This decision is anticipated to cause a significant supply deficit globally, particularly affecting Russia where palm oil is crucial for the production of various confectionery products, icing, fillings, and margarine. The ban is expected to escalate the prices of these products, triggered by the increased costs of palm oil alternatives such as cocoa butter, shea butter, and coconut oil. While dairy products made with milk will not be directly affected by the shortage, the ban could potentially intensify the prices of vegetable oils, jeopardizing the competitiveness of dairy product manufacturers. The move aims to satisfy the domestic demand for palm oil in Indonesia, highlighting the country's effort to prioritize its citizens' access to essential food supplies amidst rising global demand and market dynamics.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The ban on Indonesian exports of palm oil will most painfully affect the confectionery industry in Russia. Experts interviewed by Shopper's indicated that Russian sweets, icing, margarine and some dairy products will certainly rise in price. Earlier it became known that due to the deficit, Indonesia from April 28 will temporarily ban the export of palm oil abroad. For the Russian food industry, she was a key supplier. The general director of the Kolomensky bakery, Dmitry Kozlov, specified that palm oil in Russia is more often used for the production of confectionery products with a long shelf life. Almost all confectionery fat is made from palm oil, Kozlov explained. “Vegetable fats were used as an alternative to animals only in confectionery products with cream; in all other types of confectionery, vegetable fats are the norm, and not a substitute for animal fats,” the specialist explained. Kozlov added that the ban on the supply of palm oil from Indonesia will provoke a further ...

Source: Oilworld