Indonesia Bans Palm Oil Exports

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    The Spin

    Narrative A

    This is a populist decision that will achieve little other than increased global food prices. It could provoke a fiscal disaster, may damage international trust in Indonesia as a food supplier, and won't guarantee that domestic prices fall.

    Narrative B

    Big palm oil companies in Indonesia have been focusing exclusively on exporting while the population has been suffering with soaring prices. This ban is a much needed and justified measure to guarantee domestic supply.

    Narrative C

    The new ban unecessarily sparked market panic - the restrictions are unlikely to last more than a month due to limited infrastructure to store surplus oil and global pressure to resume shipments.


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