Commodities Live: Indonesia to lift export ban from Monday; What is the effect of lifting the ban on prices?
Zee Business Video Team | Updated: May 19, 2022 08:42 PM IST
Indonesia is one of the largest producers of palm oil, while India is included in the world's largest importer of edible oil - especially palm oil and soya oil. There is news of relief for India. Soon the prices of expensive edible oil may come down. Indonesia has announced to withdraw its decision to ban the export of palm oil. The ban imposed on the export of palm oil will be lifted from May 23. Indonesian President Joko Widodo has announced this. Indonesia has taken this decision keeping in mind the interests of 17 million people working in the palm oil sector. What is the effect of lifting the ban on prices? How much will be the import after the ban is lifted? Watch 360° analysis of ban lifting with Mrityunjay Kumar Jha in Commodities Live.
