Indonesia blocks palm oil exports, chaos and inflation in the world markets for vegetable oils
RBD Palm Oil
Indonesia
Published Apr 27, 2022
Tridge summary
Today's news comes from Indonesia with the blocking of palm oil exports all over the world for an indefinite period. The news was announced on the Facebook page of Friends of the "Sicilian durum wheat" last week. Today the scenarioeconomici.it newspaper dedicates an article to him.
Original content
"Indonesia - writes scenarioeconomici.it - the world's leading producer of palm oil, announced its intention to ban exports of the world's most used vegetable oil last Friday, with a shocking move that could further inflame the increase global food inflation. The action will be carried out starting from next April 28 ... The move comes completely unexpected and will put the food industry in crisis in half the world starting from India, one of the main users, but we too will be heavily affected: oil palm is one of the main products used in the synthesis of vegetable margarines, it is used in spreads, especially in products with lower costs. This decision, which hopefully will be temporary, will skyrocket the values of all substitute vegetable fats, also because sunflower oil is already seeing a strong reduction in its production. Palm oil is also used in the production of biodiesel which, however, at this point, it will no longer be convenient to produce ". In short, forty-eight is ...
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