Indonesia suspends all exports of palm oil, raising risk of destabilizing global vegetable oil market

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  JAKARTA, Indonesia (AFP) — Indonesia began imposing a complete ban on palm oil exports Thursday, as the world’s largest producer of the commodity risked destabilising a global vegetable oil market already hitting peak prices. The archipelago nation is facing a domestic shortage of cooking oil as well as soaring prices, with consumers in several cities having to queue for hours in front of distribution centres to buy the essential commodity at subsidised rates. Authorities […]