On April 22 of 2022, Indonesia released the export ban of cooking oil and it raw marterials. The ban has taken effect on April 28, 2022 and the end time is unknown.
Palm oil is the main cooking oil raw material in Indonesia, and China and India are main purchasers of palm oil. This ban will give huge impact to these markets.
In China, the prices of all acid products have been increased, affected by this ban. It will lead to the downstream industries as following, like N,N-DIMETHYLDECANAMIDE and N,N-DIMETHYLOCTANAMIDE.