Financial Express | by Nanda Kasabe
Domestic edible oil prices are likely to shoot up 10% to 15% in the short term after Indonesia, the world’s largest producer and exporter of palm oil, has announced a ban on its export from April 28, industry officials said.
The world annually consumes around 240 million tonne of edible oil, of which 80 million tonne (34 %) is palm oil…
