The Indonesian palm oil export ban does not apply to Russia, according to the union
RBD Palm Oil
Indonesia
Russia
Published Apr 26, 2022
Tridge summary
The fact of the ban on the export of crude palm oil from Indonesia, widely discussed in the press, will in no way affect the volume of supplies of raw materials for the processing industry to the Russian Federation since Russia has never imported crude oil. This was reported in the press service of the Oil and Fat Union.
Original content
The fact of the ban on the export of crude palm oil from Indonesia, widely discussed in the press, will in no way affect the volume of supplies of raw materials for the processing industry to the Russian Federation, since Russia has never imported crude oil. This was reported in the press service of the Oil and Fat Union. Recall that Indonesia is introducing a ban on the export of palm oil from April 28, 2022 for an indefinite period amid a shortage of this product within the country. The decision was taken by Indonesian President Joko Widodo to "ensure an adequate and affordable supply of edible cooking oil in the country." The previous ban on the export of this product from the country was introduced at the end of January and lifted in March. The new restriction is indefinite. “The export ban applies only to crude palm oil. Russia exports from Indonesia (97% of total imports) only refined deodorized palm oil, which is not subject to this ban. Therefore, this will not ...
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