on cooking oil exports, covering palm oil products across the value chain. It’s hard to overstate the importance of the tropical oil as it’s found everywhere today – in food, soap, lipstick and even printing ink – which makes Indonesia’s move important for the world.
With world food costs surging to all-time highs, governments are taking steps to secure their own supplies. The United Nations has urged leaders to keep trade open,that protectionism will drive up prices and lead to empty shelves in countries dependent on imports. Indonesia is certainly not making it easy to navigate its palm export ban. The top producer said on Friday it would suspend all shipments of cooking oil, sending prices of palm oil and its substitute soybean oil soaring. Then late on Monday, reports emerged that only palm olein, a refined product, would be halted, prompting a swift retreat in prices and traders rushing to comply with the ban.
Palm oil futures dropped as much as 3.9% to 6,714 ringgit a ton, paring gains this week. Prices jumped by the 10% trading limit a day earlier, hours before Indonesia announced the widened export ban.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Business Maverick: Africa’s Richest Man Is Betting $21 Billion on Oil and FertiliserWhen Aliko Dangote, Africa’s richest person, decided to construct a refinery in southern Nigeria on a plot of swampland almost half the size of Manhattan, he turned to a man who’s helped him transform a small trading company into an industrial empire spanning the continent. Im Sure $21Bn could solve world hunger .... Harrismayson0 ɪ ᴡᴀs sᴏ ᴇxᴄɪᴛᴇᴅ ᴡʜᴇɴ ɪ ᴏᴘᴇɴᴇᴅ ᴍʏ ᴡᴀʟʟᴇᴛ ᴀɴᴅ sᴀᴡ ᴍʏ ᴘᴀʏᴍᴇɴᴛ ᴏғ $ 12,350. ᴡʜᴀᴛ ᴀ ʙᴏᴏsᴛ! ʏᴏᴜ ᴋɴᴏᴡ ᴇxᴀᴄᴛʟʏ ᴡʜᴀᴛ ɪ ᴡᴀɴᴛᴇᴅ ᴛʜᴀɴᴋ ʏᴏᴜ sᴏ ᴍᴜᴄʜ ғᴏʀ ᴛʜᴇ ᴘᴀʏᴍᴇɴᴛ
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: India to Trim Mega Insurer IPO Size, Issue Opens Next WeekIndia chose to slash the size of its biggest initial public offering by about 60% and press ahead with the sale next week as investor demand wanes amid the war in Ukraine.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: North Korea Holds Military Parade, Testing US and AlliesNorth Korea staged its first military parade in seven months, with leader Kim Jong Un pledging to strengthen his state’s atomic arsenal as he presided over an event showcasing nuclear-capable weapons that threaten the US and its allies.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Cathie Wood Thanks Musk for Twitter Deal Despite Tesla Stock HitCathie Wood, a long-time champion of Elon Musk’s Tesla Inc., thanked him for his purchase of Twitter Inc. -- a move he said would unleash the site’s “tremendous potential.”
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Musk Is the ‘Singular Solution I Trust’ for Twitter, Dorsey SaysTwitter Inc co-founder Jack Dorsey said that the only solution he trusts for the platform is world’s richest man Elon Musk, after the Tesla Inc. chief reached a deal to buy the social media company for roughly $44 billion.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Heathrow Sees Summer Travel Boom Giving Way to Winter FreezeLondon Heathrow airport raised its passenger forecast but warned that demand is likely to drop off later in the year as a summer boom gives way to a “winter freeze.”
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »