Skip to content

Indonesia Adds to Global Food Shock With Widened Palm Export Ban

  • Move sent market into a tailspin and may worsen food inflation
  • Policy will include crude palm oil, used cooking oil and more
Bunches of harvested palm oil fruit in the Penajam area of East Kalimantan, Borneo, Indonesia.

Bunches of harvested palm oil fruit in the Penajam area of East Kalimantan, Borneo, Indonesia.

 Photographer: Dimas Ardian/Bloomberg

Updated on

Indonesia, the world’s biggest edible oils shipper, will widen an export ban to include crude palm oil, adding to uncertainty in a market that’s suffered dizzying price swings and threatening to worsen global food inflation. 

The ban will be expanded to crude palm oil, RBD palm oil and used cooking oil, Coordinating Minister for Economic Affairs Airlangga Hartarto said at a briefing Wednesday. A day earlier, he said the halt would only apply to palm olein. The policy will start on April 28 and last until domestic cooking oil prices ease.