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Reuters UK
Reuters UK
(Reuters) – Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this year, and sparked alarm among major importers of the cooking medium. Palm oil is the world’s most widely used vegetable oil and is used in the manufacture of many products including biscuits, margarine, laundry detergents and chocolate. Below are details on the world’s major edible oils: PALM OIL Palm oil is by far the most produced, consumed and traded edible oil in the world, and accounts for roughly 40% of the supply of the top four most popular edible oils: palm o…