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Indonesia has decided to ban exports of cooking oil and its raw materials to reduce domestic shortages and hold down skyrocketing prices. • Their President Joko Widodo made the announcement amid protests in the country's capital against rising food costs. • Indonesia and Malaysia are the world's largest exporters of palm oil. Edible oil prices were already up but Indonesia's recent ban on exports of cooking oil is going to make it worse. • • #NewsMo #IndiaToday • Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. • All you need to do is PRESS THE BELL ICON next to the Subscribe button! • India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. • Stay tuned for latest updates and in-depth analysis of news from India and around the world! • Download App: https://indiatoday.link/wHaj • Follow us: Official website: https://www.indiatoday.in/ • Twitter:   / indiatoday   • Facebook:   / indiatoday  

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