Indonesia palm oil export curbs and biodiesel plans to hit world vegoil supplies

SINGAPORE/JAKARTA, Jan 13 (Reuters): A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America.

Edible oil buyers, including price-sensitive consumers in South Asia and Africa, will bear the brunt of the supply-side constraints that come just as demand is forecast to climb, with China easing Covid-19 controls and India boosting purchases.