Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area

Indonesia to ban palm oil exports

  • By Al Mayadeen Net
  • Source: Agencies
  • 23 Apr 2022 21:42
  • 1 Shares
2 Min Read

The country that provides more than half of the world's palm oil is taking protectionism measures to hold up its economy.

  • x
  • Indonesia to ban palm oil exports
    Fruit of oil palm trees. (WWF Malaysia)

Indonesia, the world's top palm oil producer, announced plans to ban palm oil exports on Friday - a shocking move that could contribute to the acceleration of global food inflation.

Palm oil is widely used in products such as cakes and cosmetics. The halting of cooking oil shipments in addition to the very raw material will raise packaged food producers' costs around the world, forcing governments to choose between using vegetable oil or biofuel. 

Indonesia provides more than half of the world's global palm oil supply.

The Indonesian president, Joko Widodo, said he wanted to ensure that food products are available at home in the first place, especially after food inflation around the globe has been increasing to reach a record high, particularly after the war in Ukraine. 

Related News

Desperate search for milk in Gaza: A mother's struggle amid genocide

What are you eating, Gaza?

"I will monitor and evaluate the implementation of this policy so availability of cooking oil in the domestic market becomes abundant and affordable," he said.

The decision will particularly affect India, a top consumer of palm oil.

"This move is rather unfortunate and totally unexpected," said Atul Chaturvedi, president of Solvent Extractors Association of India (SEA), a trade body.

Other vegetable oil prices have also been on the increase as a result of the measure, which is bound to take place on April 28. Soybean oil rose 4.5%, reaching a record high of 83.21 cents per pound on the Chicago Board of Trade.

To keep domestic prices down, many countries are trying out crop protectionism - Argentina, for instance, the world's top exporter of soy, stopped selling soy oil in March before increasing the export tax rate from 31% to 33%.

The US Department of Agriculture urged international cooperation during the war in Ukraine, rather than export bans.

  • Food Shortages
  • Russia
  • Russian special military operation
  • inflation
  • Palm Oil
  • Food Prices
  • Ukraine
  • Indonesia

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS