Palm oil is one of the world’s most ubiquitous food commodities, found in candy bars, ice cream, pizza dough and cooking oil. It is about to get harder to source.
SINGAPORE—
Starting Thursday, Indonesia—which accounts for 60% of global supply—will stop palm-oil exports, a sweeping decision that will make cooking meals more expensive for families around the world and cause headaches for a range of food and cosmetics manufacturers. The ban follows a sharp rise in cooking-oil prices at home, caused in large part by disruptions stemming from Russia’s invasion of Ukraine.
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