Last Friday, the Indonesian government, in a very surprising announcement, said that it will ban the export of oil from April 28, adding that the measure will last until the government considers that the internal shortage has been resolved. Indonesia's call for an oil export ban could worsen global food inflation and also irritate volatility in crop markets that are reeling under the effects of Ukraine months-long war, according to reports. Last Friday, the Indonesian government, in a very surprising announcement, said that it will ban the export of oil from April 28, adding that the measure will last until the government considers that the internal shortage has been resolved. To get more latest updates, breaking, tech news or Aaj ki Taaja khabar visit our blogs. Indonesia is currently the world's largest oil producer and accounts for a third of the world's edible oil exports. Palm oil is used in the vast majority of customer products, from chocolates, cakes, soaps, sham...
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