Indonesia's palm oil export ban does not threaten EU supply

The world's top palm oil producer last week imposed an export ban on raw materials for cooking oil, including several products such as refined, bleached and deodorized palm olein (RBD), crude and refined palm oil, in an attempt to lower cooking oil prices.

PARIS:Indonesia's ban on palm oil products does not raise concern for the supply of the European Union market as the bloc has reserves for several weeks, EU vegetable oil group FEDIOL said on Tuesday.

The world's top palm oil producer last week imposed an export ban on raw materials for cooking oil, including several products such as refined, bleached and deodorized palm olein (RBD), crude and refined palm oil, in an attempt to lower cooking oil prices.