
Industry insiders say as the world’s second-largest palm oil importer, China may face short-term supply difficulties if the ban continues. Indonesia’s President Joko Widodo said the ban was issued to secure domestic food supplies as two large grain exporters, Russia and Ukraine, are locked in conflict. China imported 258,300 tons of palm oil from Indonesia and 242,800 tons from Malaysia in the first quarter of 2022, accounting for about 52 percent and 48 percent of China’s total import. The impact of the ban on China’s edible oil prices will be obvious in the short term, but ‘the normal operations of China-Russia trade in colza oil, and peanuts imported from the US under bilateral trade agreements, may ease the current tension’ . . .
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