Browsed by
Tag: palm oil

Palm oil jumps to new record price

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…

Read More Read More

Wordpress Social Share Plugin powered by Ultimatelysocial
RSS