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World's top palm oil producer Indonesia bans exports
short by Ananya Goyal / on Sunday, 24 April, 2022
Indonesia, which is the world's top palm oil producer, announced plans to ban palm oil exports from April 28 amid a record rise in global food inflation. President Joko Widodo said he wanted to ensure that the availability of cooking oil was "abundant" and "affordable" in Indonesia. As per Solvent Extractors' Association Of India (SEA), this will hurt Indian consumers.
read more at Reuters