ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Indonesia's policy flip-flop on palm oil export ban: 5 things to know

Total embargo may cost $3bn in foreign reserves monthly, warns economist

Stubbornly high cooking oil prices in Indonesia have frustrated President Joko Widodo's administration.   © Reuters

JAKARTA -- Indonesian President Joko "Jokowi" Widodo's announcement last week of a plan to ban palm oil exports shocked the world, sending edible oil prices roiling and igniting further worries over global food price rises amid the still raging Russia-Ukraine war.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more