Indonesia Stuns Markets as it Widens Ban To Include CPO, Refined Palm Oil

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28 April 2022 14:09 WIB

Nurhakim, a 30-year-old worker, collects fresh fruit bunches during harvest at a palm oil plantation in Kampar regency, as Indonesia announced a ban on palm oil exports effective this week, in Riau province, Indonesia, April 26, 2022. Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB

Sulaeman, a 63-year-old worker pushes a cart as he collects fresh fruit bunches during harvest at a plantation in Kampar regency, as Indonesia announced a ban on palm oil exports effective this week, in Riau province, Indonesia, April 26, 2022. The change was "in line with the president's decision and after taking into account the feedback and views from the people'. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. Jokowi said Indonesia has enough capacity to meet domestic demand and it was "ironic" that the country is facing cooking oil shortages. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB

Workers load palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. Palm oil markets have been jittery ahead of the ban and Indonesia deployed navy ships and personnel in an effort to thwart illegal shipments. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB

Sunarno, 49-year-old worker, unloads fresh fruit bunches during harvest at a palm oil plantation in Kampar regency, as Indonesia announced a ban on palm oil exports effective this week, in Riau province, Indonesia, April 26, 2022. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB

Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS/Willy Kurniawan

28 April 2022 00:00 WIB