Indonesia, world's top cooking-oil exporter, to ban exports this week - it's sent global prices soaring | Businessinsider - Business Insider South Africa

Indonesia accounts for about half of the world's supply of palm oil — the world's most widely used vegetable oil.

The world's top palm-oil producer announced that it will ban exports of the commodity starting Thursday, sending the prices of competing vegetable oils soaring. Indonesia accounts for about half of … [+2124 chars]

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