{"id":21237,"date":"2022-03-07T07:17:18","date_gmt":"2022-03-07T00:17:18","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=21237"},"modified":"2022-03-07T07:17:18","modified_gmt":"2022-03-07T00:17:18","slug":"russian-invasion-raises-palm-oil-price-at-home-and-abroad","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2022\/03\/07\/russian-invasion-raises-palm-oil-price-at-home-and-abroad\/","title":{"rendered":"Russian Invasion Raises Palm Oil Price At Home and Abroad"},"content":{"rendered":"

Palm oil has become the most expensive vegetable oil among the world\u2019s four main vegetable oils, as consumers have used it as a substitution to the sunflower.<\/em><\/p>\n

\"\"<\/a><\/p>\n

The palm oil has become the world\u2019s most expensive vegetable oil among the four vegetable oils as consumers have substituted sunflower with the palm oil. The supply of sunflower is disrupted, especially around the Black Sea, due to the military invasion of Russia to Ukraine.<\/p>\n

Based on reports of Reuters<\/em> on Tuesday, 01 March 2022, premium palm oil price could pressure consumers in Asia and Africa due to rising cost of energy and foods that had forced them to reduce palm oil consumption and turned to soybean oil.<\/p>\n

The price of crude palm oil (CPO) was reported at around US$1,925 per ton, including transportation cost and insurance, as compared to the price of crude soybean oil at around US$1,865 and the price of rapeseed oil at around US$1,900. But traders could not offer sunflower oil due to supply problem resulted from the closure of seaports as a result of the Russian military attacks against Ukraine.<\/p>\n

The price of palm oil in India exceeded the price of soybean oil, triggering a change of buying patterns. Black Sea area contributes 60 percent of the total production of sunflower and 76 percent of its total exports.<\/p>\n

\u201cRefineries in Asia and Europe have increased their purchase of palm oil for the next one month delivery to replace the sunflower oil. The purchase has lifted the price of palm oil to the irrational level,\u201d said a dealer with a global trading company based in Mumbai, India.<\/p>\n

The production of soybean in Argentine, Brazil, and Paraguay is expected to decrease due to dry weather.<\/p>\n

\u201cConsumers have the choice to purchase soybean, but quick shipment of soybean is limited, so that it needs longer time to reach Asia as compared to the shipment of palm oil,\u201d they said.<\/p>\n

Consumers in Asia, who rely on palm oil, are sensitive to a price spread of more than US$50 per ton compared to soybean and sunflower.<\/p>\n

The price of premium palm oil will be only temporary and could decrease during the next few weeks as consumers are expected to turn to soybean in April.<\/p>\n

\u201cMost of the demand for palm oil exports will be fulfilled by Malaysia, as Indonesia has limited its palm oil export. Then it will become the biggest beneficiary from the current geo-political condition,\u201d an Indian refiner said.\u00a0(*)<\/p>\n

Source: idxchannel.com | Featured image via detik.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Palm oil has become the most expensive vegetable oil among the world\u2019s four main vegetable oils, as consumers have used it as a substitution to the sunflower.<\/p>\n","protected":false},"author":1,"featured_media":21238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-21237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nRussian Invasion Raises Palm Oil Price At Home and Abroad - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"The supply of sunflower is disrupted, especially around the Black Sea, due to the military invasion of Russia to Ukraine. 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Those vegetable oils are commonly used as raw material to feed a variety of industries, such as foods, soaps, shampoos, detergents, cosmetics, personal care, pharmacy, biodiesel, etc. Globally, there\u2026","rel":"","context":"In "Myths & Facts"","block_context":{"text":"Myths & Facts","link":"https:\/\/gapki.id\/en\/news\/category\/myths-facts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/tanaman_paling_produktif_palmoilina.asia_as.jpg?fit=1117%2C725&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/tanaman_paling_produktif_palmoilina.asia_as.jpg?fit=1117%2C725&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/tanaman_paling_produktif_palmoilina.asia_as.jpg?fit=1117%2C725&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/tanaman_paling_produktif_palmoilina.asia_as.jpg?fit=1117%2C725&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/tanaman_paling_produktif_palmoilina.asia_as.jpg?fit=1117%2C725&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":28354,"url":"https:\/\/gapki.id\/en\/news\/2024\/08\/22\/palm-oil-is-it-a-boon-or-bane-for-poor-countries\/","url_meta":{"origin":21237,"position":1},"title":"Palm Oil: Is It A Boon Or Bane For Poor Countries?","author":"admin","date":"August 22, 2024","format":false,"excerpt":"JAKARTA \u2013 The existence of palm oil industries is detrimental to poor countries. 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The vegetable oils consist of many types, but globally there are four that are consumed the most, namely palm oil, soybean, rapeseed, and sunflower.\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_oilpalm_bisnisindonesia.id_.png?fit=927%2C553&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_oilpalm_bisnisindonesia.id_.png?fit=927%2C553&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_oilpalm_bisnisindonesia.id_.png?fit=927%2C553&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_oilpalm_bisnisindonesia.id_.png?fit=927%2C553&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29786,"url":"https:\/\/gapki.id\/en\/news\/2025\/06\/04\/excelling-in-all-aspects-palm-oil-irreplaceable-as-vegetable-oil\/","url_meta":{"origin":21237,"position":3},"title":"Excelling In All Aspects, Palm Oil Irreplaceable As Vegetable Oil","author":"admin","date":"June 4, 2025","format":false,"excerpt":"Irreplaceable! Palm oil excels in all aspects: Efficiency, Productivity, Versatility, and Price. JAKARTA \u2013 \u00a0Vegetable oils have long become an important part of human life, perhaps since time immemorial. Not only a source of fat in foods, the vegetable oils also play a significant role as raw materials in the\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29839,"url":"https:\/\/gapki.id\/en\/news\/2025\/06\/18\/palm-land-use-much-more-or-much-less-compared-to-others\/","url_meta":{"origin":21237,"position":4},"title":"Palm Land Use: Much More Or Much Less Compared To Others?","author":"admin","date":"June 18, 2025","format":false,"excerpt":"Are you really sure you know everything about palm oil? How about its land use compared to other vegetable oils? Do you think that since almost half of the world\u2019s vegetable oils is derived from oil palm, then its land use must be at least half of the world\u2019s total\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/perbandingan_luas_lahan_vegetable_oil___.webp?fit=768%2C451&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/perbandingan_luas_lahan_vegetable_oil___.webp?fit=768%2C451&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/perbandingan_luas_lahan_vegetable_oil___.webp?fit=768%2C451&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/perbandingan_luas_lahan_vegetable_oil___.webp?fit=768%2C451&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21441,"url":"https:\/\/gapki.id\/en\/news\/2022\/05\/10\/opinion-ukraine-war-affecting-global-vegetable-oil-market\/","url_meta":{"origin":21237,"position":5},"title":"Opinion: Ukraine War Affecting Global Vegetable Oil Market","author":"admin","date":"May 10, 2022","format":false,"excerpt":"The war in Ukraine has pushed prices of agricultural products to historically high levels, and concerns about global food security occupy headlines and world leaders\u2019 minds, as demonstrated by recent IMF and World Bank meetings. So far, much of the attention has focused on grains, particularly wheat\u2014because of its importance\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/tinta_palmoil_suarasurabaya.net_.jpg?fit=955%2C548&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/tinta_palmoil_suarasurabaya.net_.jpg?fit=955%2C548&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/tinta_palmoil_suarasurabaya.net_.jpg?fit=955%2C548&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/tinta_palmoil_suarasurabaya.net_.jpg?fit=955%2C548&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=21237"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/21238"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=21237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=21237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=21237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}