Cooking oil crunch to worsen as the world’s biggest producer bans exports Indonesia’s ban on exports of palm oil, the world’s most consumed edible oil, is set to severely exacerbate the already-squeezed supply of cooking oil across the globe. Developing nations are expected to take the biggest blow.The world’s biggest producer of palm oil will effectively ban exports of the good starting April 28, according to Indonesian President Joko Widodo. The halting of shipments of the cooking oil and its raw material is expected to help tame soaring domestic prices. “I will monitor and evaluate the implementation of this p
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