Palm oil protectionism - cooking up a storm.

The global palm oil market was dealt a blow recently following the announcement that the world's largest exporter Indonesia would ban exports on April 28th in a step to protect domestic consumption. Indonesia is the world's largest producer of palm oil, accounting for 58 percent of global export volume as recorded by SandP Global's Global Trade Analytics Suite (GTAS) for HS Code 1511, Palm oil and its fractions, in 2021...

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