The markets will be reacting today to the news that Indonesia is lifting its palm oil export ban.
Sales will resume Monday, even though prices have not reached the government’s target.
Indonesia’s president said he was considering the welfare of 17 million palm industry workers.
Last month’s decision rocked the global markets and sparked further fears of food shortages around the world.
Related:
War in Ukraine is causing a rise in cooking oil costs
A Perfect Storm is Coming: cooking oils are expected to be in shorter supply soon
Russian military accused of stealing vegetable seed oil
