Indonesia is a small southeast Asian country, but it is the world's largest archipelagic country, covering an area of 1.91 million square kilometers, the world's fourth most populous country, the most important thing is palm oil exports, Indonesia's palm oil exports account for 60% of the world, that is to say, the probability of the palm oil you buy is all made in Indonesia.
On April 22, local time, Indonesian President Joko Widodo announced that he would completely suspend the export of all palm oil and related raw materials from the 28th.
This means that more than half of the world's population will lack palm oil supply, the price of palm oil will have a price leap, which has risen by 40% during the year, and if exports are banned, the global palm oil price is unimaginable.
A lot of people feel like they haven't eaten palm oil, and in fact you eat palm oil every day.
Palm oil and soybean oil, rapeseed oil, and known as the world's three largest vegetable oils.
The most common instant noodles are fried in palm oil, and many instant noodles have already risen once at the beginning of the year, and this time it may rise again.
Not only that, the vegetable oil mentioned in the snack is almost all palm oil, which means that the price of all snacks is likely to rise, such as the recent rise in spicy strips is particularly fast, and the amount of palm oil used in spicy strips is also very large.
Due to the relatively good stability, the global food processing and manufacturing industry prefers palm oil, which means that all related foods will increase in price.
There are also fried foods commonly used in the outside catering industry, which are also made of palm oil.
So why don't we cook our own food?
Our country residents cook, mainly using soybean oil, peanut oil and rapeseed oil, then the problem is that the world's three major vegetable oils, palm oil directly less than 60%, then it will inevitably cause soybean oil and rapeseed oil prices to rise, that is to say, all edible oils will rise.
In fact, the international edible oil at the beginning of the year has begun to show a sustained upward trend, our domestic edible oil has also seen a small increase, Indonesia announced the ban on exports this time, and the recovery date is not determined, in a period of time, edible oil prices will continue to rise.
However, as a commonly used edible oil, there are many types of edible oil in our country, even if it has an impact, it will not cause a substantial price increase, there is no need for excessive anxiety, and there is no need to hoard a large amount of edible oil.