Palm oil jumps to new record price
Palm Oil Jumps 10% To New Record As Indonesia Expands Export Ban Palm oil futures jumped 10% to a new record-high as Indonesia expanded its cooking oil export ban to include crude palm oil to ensure domestic supplies were stable, according to Bloomberg. Indonesia, the world’s biggest cooking oil shipper, initially said the temporary export ban would only apply to refined, bleached, and deodorized palm olein. However, Coordinating Minister for Economic Affairs Airlangga Hartarto said the ban would be expanded to…
