Palm oil is by far the most produced, consumed and traded edible oil in the world, and accounts for roughly 40% of the supply of the top four most popular edible oils: palm oil, soybean oil, rapeseed oil (canola) and sunflower seed oil.Malaysia is the second largest supplier with about 25% of global supply share.
Indonesia's ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium. Read full story
Palm oil is the world's most widely used vegetable oil and is used in the manufacture of many products including biscuits, margarine, laundry detergents and chocolate.
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