# Global edible oil markets simmer after shock Indonesia ban

> Indonesia banned palm oil exports, shocking global edible oil markets that were already at record highs. The move alarmed major importers of the cooking oil ingredient, which is used in biscuits, margarine, detergents and chocolate.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/14037-global-edible-oil-markets-simmer-after-shock-indonesia-ban
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesia supplies a large share of world palm oil, so the export ban removes supply from a tight vegetable oil market and pushes palm and soyoil prices higher as buyers seek substitutes.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +7.1% | +10.5% |
| PALMOIL | 2022-02-01 | [Edible oil markets rally as Indonesia limits palm oil exports - Grain Central](https://feedsoft.ai/events/8092-edible-oil-markets-rally-as-indonesia-limits-palm-oil-exports-grain-central.md) | +6.0% | +25.6% |
| PALMOIL | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +1.1% | -2.1% |
| PALMOIL | 2019-12-08 | [After onion, it's turn of edible oil to give price shock \| After onion, it's turn of edible oil to give price shock](https://feedsoft.ai/events/12381-after-onion-it-s-turn-of-edible-oil-to-give-price-shock-after-onion-it-s-turn.md) | +0.5% | +9.2% |
| PALMOIL | 2025-07-31 | [Indonesia's August CPO Reference Price and Its Implications for Global Palm Oil Markets](https://feedsoft.ai/events/15543-indonesia-s-august-cpo-reference-price-and-its-implications-for-global-palm-oil.md) | +1.9% | +5.3% |
| SBO | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +2.2% | +8.1% |
| SBO | 2022-02-01 | [Edible oil markets rally as Indonesia limits palm oil exports - Grain Central](https://feedsoft.ai/events/8092-edible-oil-markets-rally-as-indonesia-limits-palm-oil-exports-grain-central.md) | +1.1% | +8.8% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/global-edible-oil-markets-simmer-after-shock-indonesia-ban-2022-04-22/
- reuters.com: https://www.reuters.com/world/asia-pacific/indonesias-palm-oil-industry-braces-upcoming-export-ban-2022-04-27/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.