Posted on 04/27/2022 1:56:56 PM PDT by Brellium
JAKARTA, April 27 (Reuters) - Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal.
(Excerpt) Read more at reuters.com ...
Cardiologists all over the world are crying right now and making plans to get into another specialty.
Olive oil producers are happy I guess.
Cooking oils in short supply world over
Ukraine is major supplier of sunflowers for sunflower oil
Others like canola, soybean short supply
UK stores rationing people to 2 bottles each
Blessing in disguise.
fortunately I stick with olive oil, regular vegetable oils make me violently nauseous.
Maybe not
Stock up on soap, shampoo, detergent, lipstick, ice cream and most important CHOCOLATE!
Smart. There’s a reason your body rejects them.
Be happy you got such a warning (likewise with me, though different symptoms).
Palm oil is toxic, but none of the manufactured oils rank well in my book. Exceptions: Coconut oil is tolerable (all things in moderation) for cooking, as are peanut, rice bran & avocado oils.
And of course everyone's guilty pleasure lard.

" Palm oil futures on the Malaysia exchange surged by 9.8% on Wednesday, .. the world's biggest palm oil producer, could not get their products onboard vessels in time before the ban starts."
"US soyoil futures jumped more than 4% to a record high after Indonesia extended ban to include CPO." It was unclear if palm oil companies had been informed of the latest policy change."
Just an Indonesian government decisive action with no thought for the industry.
The governments intent is to keep palm oil cheap enough for the local population, given the rise, world-wide, of all other cooking oils.
Yes, neglected that.
But Leaf lard, not that hydrogenated crap sold in supermarkets
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.