Thaiger Posted May 1, 2022 #203496 Share Posted May 1, 2022 Following a move by Indonesia’s government to ban crude palm oil from being exported from the country, 2 ships were caught trying to smuggle the product to India and the United Arab Emirates. There has been a palm oil shortage in Indonesia for the past month since the Russia-Ukraine crisis has impacted the supply of vegetable oil in the country, making palm oil more expensive. The price of CPO in Indonesia spiked from US$0.96 to US$1.03 per litre, to US$1.52 per litre. Indonesian farmers have supported the CPO export ban, saying it’s necessary for supply and affordability of cooking oil […] The story After export ban, ships caught trying to smuggle palm oil out of Indonesia as seen on Thaiger News. Read the full story Quote Link to comment Share on other sites More sharing options...
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