Indonesia export ban traps 290,000 T of palm oil shipments for India -trade

Published on: Wednesday 27 April 2022

Indonesia's wider palm oil export ban has trapped at least 290,000 tonnes of the edible oil meant to be headed to India at ports and oil mills in the world's top producer, four industry officials told Reuters on Thursday. The disruption in shipments after Indonesia widened its export ban to include crude and refined palm oil will create a vegetable oil shortage in top importer India, the officials said. "Our vessel of 16,000 tonnes is stuck at Kumai port in Indonesia," said Pradeep Chowdhry, managing director of Gemini Edibles & Fats India Pvt Ltd, which buys around 30,000 tonnes of Indonesian palm oil every month.

News source: https://news.yahoo.com/indonesia-export-ban-traps-290-090829396.html

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Indonesia export ban traps 290,000 T of palm oil shipments for India -trade