Indonesia to Ban Palm Oil Exports, India Cancels Tourist Visas for Chinese Nationals, CBSE Edits Class 11, 12 History, Civics Syllabi & More
š“ WHAT: Indonesia, the worldās biggest palm oil producer is shutting down all exports from April 28.š§ WHY: Indonesia is facing domestic shortages and soaring prices. By banning exports, it wants to prioritise the needs of its people first. āļø IMPACT: Palm oil is ubiquitous; itās used in everything, from from cooking oils to processed foods, cosmetics, detergents and biofuels. š®š³ India is the largest importer of Indonesian palm oilāimporting four million tons a month. This ban will lead to surges in rates of edible oil and food prices, in general. šŗš¦ Russia, the worldās largest exporter of crude oil, continues to bombard and attack Ukraine, the worldās largest exporter of sunflower oil, leading to an oil crisis, across the board.