Indonesia’s palm oil crisis: Implications on India
From Current Affairs Notes for UPSC » Editorials & In-depths » This topic
Context: The domestic shortage of palm oil in Indonesia.
- The largest producer and exporter of palm oil, Indonesia, experiencing a domestic shortage of palm oil.
Indonesia’s palm oil production and export
- Palm oil production in Indonesia for 2021-22 (October-September) stood at 45.5 million tonnes (mt).
- That’s almost 60% of the total global output and way ahead of the next bigger producer: Malaysia (18.7 mt).
- It is also the world’s No. 1 exporter of the commodity, at 29 mt, followed by Malaysia (16.22 mt).
Reasons for the domestic shortage of palm oil in Indonesia
The ongoing war and the supply disruptions in other cooking oils:- Ukraine and Russia together account for nearly 80% of the global trade in sunflower oil, quite comparable to the 90% share
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