# Indonesia's palm oil export ban leaves global buyers with no plan B

> Vegetable oil prices have risen more than 50% over six months due to labour shortages in Malaysia and droughts in Argentina and Canada. Supply disruptions have left global buyers with few alternatives to Indonesian palm oil.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41930-indonesia-s-palm-oil-export-ban-leaves-global-buyers-with-no-plan-b
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lack of substitutes keeps vegetable oil prices elevated, supporting soybean oil and raising costs for feed fat users.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/indonesias-palm-oil-export-ban-leaves-global-buyers-with-no-plan-b-2022-04-25/

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