Home World Palm oil, the surge in prices is shaking Indonesia. But the stop on exports damages Jakarta’s accounts

Palm oil, the surge in prices is shaking Indonesia. But the stop on exports damages Jakarta’s accounts

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Palm oil, the surge in prices is shaking Indonesia.  But the stop on exports damages Jakarta’s accounts

BANGKOK – Although judged by environmentalists to be “ecologically unsustainable”, palm oil in times of war has become a popular genre both in the food and cosmetics sectors, as well as as a so-called “bio” fuel. By continuing to rise up to five times, its price is triggering a domino effect in the economies of several client and producer countries.

Indonesia, which is the first supplier covering a third of the rich 50 billion dollar market, has enacted a ban on the sale abroad of the product both refined and in the form of “olein” or “crude”, used for many products , from snacks to Nutella, beauty creams and soaps.

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