Posted on May 4, 2022

Indonesia has banned exports of its palm oil due to a severe shortage. Analysts think the curb on export shipments is likely to be short-lived and will be lifted soon. Indonesia has said the ban will not be applicable to crude palm oil, only refined, bleached, deodorised (RBD) palm olein.

India is the world’s largest importer of palm oil and is dependent on Indonesia and Malaysia. India imports over 13.5 million tonnes of edible oil every year, of which, around 63 per cent is palm oil. Nearly 45 per cent comes from Indonesia and the remaining from Malaysia. India imports roughly four million tonnes of palm oil from Indonesia annually.

Canada China logistics logisitics USA rail freight freight India imports waste italy freight forwarding Sweden freight Seafreight Denmark Finland Gothenburg Brexit Poland Covid-19 cargo Spain exports Germany export EU South Africa Hong Kong shipping Sweden Freight Shipping Ireland container Swedish Norway wine Vietnam U.S.A Netherlands exporters exports China Japan containers Pakistan freight forwarders France Turkey Australia Switzerland air freight