Indonesia stuns markets by widening ban to include CPO, refined palm oil

It's back to square one for India, one of the biggest consumers of Indonesian palm oil, days after Indonesia had said the ban would exclude crude palm oil

In the latest round of flip-flops that could have a far reaching impact on the Indian edible oil markets and prices, Indonesia on Wednesday once again widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, among other products, leaving global and Indian markets in a state of shock.

For India, which is one of the biggest consumers of Indonesian palm oil, the situation is back to square one barely days after it got some reprieve after it was clarified the ban would not include the widely consumer crude palm