Indonesia to lift palm oil export ban

Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said yesterday.

The ban in place since April had sent prices for vegetable oil soaring, especially as it coincided with the war in Ukraine. Indonesia produces about 60% of the world’s palm oil.

Authorities had rigorously enforced the export ban, with the Indonesian navy seizing a tanker carrying palm oil out of the country in violation of the order earlier this month.

Another giant Asian nation enacting similar food protection measures recently has been India, which has placed a ban on wheat exports this month.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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