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Indonesia, the world's top cooking-oil exporter, says it's going to ban exports of the oil this week, and it's sent the global prices of edible oils soaring
YAHOO Finance ^ | 04/24/2022 | Huileng Tan

Posted on 04/25/2022 9:40:21 AM PDT by aimhigh

The world's top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world's supply of palm oil, the world's most widely used vegetable oil. Palm oil is used for cooking and for the production of thousands of consumer products, including biscuits, detergents, and lipsticks.

In a video statement on Friday, Indonesian President Joko Widodo said the move was designed to bring down domestic palm-oil prices and ensure domestic food availability in the wake of global food inflation. "I will monitor and evaluate the implementation of this policy so availability of cooking oil in the domestic market becomes abundant and affordable," Widodo said, a Reuters translation reported.

The move comes as Indonesia has seen recent protests over the high prices of cooking oil, with retail prices gaining more than 40% so far this year, Reuters reported.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: asia; cooking; export; food; foodcrisis; foodshortages; indonesia; palmoil; supply; supplychain; thanksneocons; trade
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To: Bikkuri

I do take olive oil in a capsule, there’s that.


41 posted on 04/25/2022 12:33:24 PM PDT by steve86 (Prophecies of Maelmhaedhoc O'Morgair (Latin form: Malachy))
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To: Basket_of_Deplorables
Try grapeseed oil, or good olive oil and make your own mayo. It might take some experimentation to find the right flavor. One does not really need avocado oil or grapeseed oil to make mayo - these are usually used for their higher smoke point for frying / Sautéing. Some people like Hellman's or some of the others that have a tangier flavor (not a heavy tang like miracle whip). Me, I prefer (I'll get endlessly flamed for this) Kraft regular mayo as it is less intrusive and doesn't cover up the flavor of what is in the sandwich. There are plenty of options, are you sure you've tried them all?
42 posted on 04/27/2022 8:25:42 AM PDT by jurroppi1 (The Left doesn't have ideas, it has cliches. H/T Flick Lives)
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To: Vaduz

My mom grew up in WWII England. She was from a lower working class family, but a family that was even poorer than hers would send a kid over to their house to get their “dripping” so they could make “chips”. I bet they were good.


43 posted on 05/14/2022 2:51:53 AM PDT by beaversmom
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To: beaversmom

save as much as you can when in need good to share.


44 posted on 05/14/2022 7:22:56 AM PDT by Vaduz ( )
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