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Al Jazeera
Al Jazeera
Business
Aisyah Llewellyn

‘Hurting the vulnerable’: Indonesia’s palm oil ban ignites prices

Oil Indonesia Joko Jokowi Widodo Trinh Nguyen Al Jazeera Inflation Ukraine Natixis
Indonesia's ban on palm oil exports is sending global cooking oil prices even higher [File: Willy Kurniawan/Reuters]

Medan, Indonesia – Indonesia’s ban on palm oil exports is sending soaring cooking oil prices even higher worldwide, exacerbating global food security fears amid adverse weather and the war in Ukraine.

The export ban, announced by President Joko “Jokowi” Widodo on Friday, comes as global food supplies come under strain due to disappointing harvests in some countries, export disruptions due to the Russian invasion of Ukraine, and labour shortages caused by the COVID-19 pandemic.

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