According to a Reuters release on April 25th, the government of Indonesia will now allow export of crude palm oil but will retain a ban on refined, bleached and deodorized palm olein.  Previously, President Joko Widodo announced a blanket ban on palm oil products due to take effect on April 28th, disrupting global trade and prices of vegetable oils.  A combination of a ban on palm oil exports from Indonesia and interruption of supplies of sunflower oil from Ukraine caused soy oil to rise sharply with a knock-on effect impacting soybeans.

Indonesia exports 75 percent of World palm products.