JAKARTA—Indonesia on Wednesday launched road tests for two types of biodiesel containing 40 percent palm oil, hoping to conclude by the end of the year whether they are viable for public use, the energy ministry said. The government currently mandates that all diesel sold in the country must contain 30 percent palm oil—the highest compulsory…
Indonesia Industry Body Confident Palm Oil Export Ban Could End in May
JAKARTA—Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets. The world’s top palm oil producer expanded an…
Indonesia’s Palm Oil Export Ban Leaves Global Buyers With No Plan B
April 26, 2022
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Business & Economyeconomic policieseconomyEuropeIndonesianMarketspalm oilRussia-Ukraine WarRussia's invasionWorld
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MUMBAI—Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia’s invasion of Ukraine. The move by the world’s biggest palm oil producer to ban exports from Thursday will lift…
Palm Oil Becomes Costliest Vegoil as Ukraine War Halts Sunoil Supply
March 2, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketspalm oilportsRussia-Ukraine WarWorld
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MUMBAI— Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that was disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could squeeze price-sensitive Asian and African…
The Amazing Story of Malasian Palm Oil
Most of us are familiar with the small farmers who sell their wholesome fruits, vegetables, honey, and other natural products at neighborhood farmers’ markets. They typically farm only a few acres of land, and many practice sustainable farming to keep their crops and soil healthy. Now consider life for small farmers in Malaysia, which is…
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