James48843
Well-known member
Indonesia, the worlds largest producer of palm oil, has announced it banning the export of Palm Oil- to curb the domestic price.
https://markets.businessinsider.com...a-to-ban-exports-starting-thursday-2022-4?amp
Ukraine war has destroyed the production of Sunflower Oil- and now the number one producer of palm oil is stopping all palm oil exports. Soybean and Corn Oil will have to pick up much of those oil needs- and the prices will jump as a result.
This will have a significant impact on food prices world wide.
Sent from my iPhone using TSP Talk Forums
https://markets.businessinsider.com...a-to-ban-exports-starting-thursday-2022-4?amp
Ukraine war has destroyed the production of Sunflower Oil- and now the number one producer of palm oil is stopping all palm oil exports. Soybean and Corn Oil will have to pick up much of those oil needs- and the prices will jump as a result.
This will have a significant impact on food prices world wide.
Sent from my iPhone using TSP Talk Forums
