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Roundup: World’s top palm oil producer suffers cooking oil shortage

by Wang Aona, Nurul Ramadhan

JAKARTA, April 26 (Xinhua) — The Indonesian government has recently announced that starting April 28, it will suspend exports of crude palm oil (CPO) and its derivatives to ensure domestic supplies.

President Joko Widodo argued during the announcement last Friday that the export ban was needed to “stabilize the oil prices at home,” and promised to re-evaluate the policy “when