{
    "success": true,
    "data": {
        "id": 1702370,
        "msgid": "global-cooking-oil-prices-threatened-with-20-rise-due-to-war-1777258283",
        "date": "2026-04-27 09:28:53",
        "title": "Global Cooking Oil Prices Threatened with 20% Rise Due to War",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Trade",
        "summary": "Geopolitical tensions, particularly the conflict involving Iran, are driving up global energy prices and spilling over into the food market, with palm oil prices potentially surging by up to 20% due to increased demand, supply disruptions, and higher production costs. Indonesia and Malaysia, which supply 85% of the world's palm oil, have seen export volumes jump, especially to major markets like China, the Middle East, the US, and the EU, exacerbating the price pressures. This development, as warned by analysts, could fully materialise in about two months once existing stockpiles deplete, highlighting the vulnerability of global commodity chains to international conflicts.",
        "content": "<p>Geopolitical unrest driving energy price surges is beginning to spill\nover into the global food market. One commodity in the spotlight is palm\noil, whose price is estimated to rise by up to 20% due to surging\ndemand, supply disruptions, and increased production costs. This\npressure arises as demand for palm oil increases due to stockpiling\nactions, greater use for biofuel, and concerns over supply chain\ndisruptions. In the long term, the spike in crude oil prices from the\nconflict is also boosting demand for palm oil as a biofuel feedstock.\nThis dual pressure is now reflected in the market. Malaysia\u2019s crude palm\noil (CPO) futures contracts, the global price benchmark, have been\nclimbing steadily since the outbreak of the Iran conflict and reached\ntheir highest level in April 2026 since December 2024. The UN Food and\nAgriculture Organisation (FAO) reports that the global food price index\nrose to 128.5 points, up 2.4% from February 2026. Analyst Chong Ho Leong\nfrom Public Investment Bank in Kuala Lumpur warns that global cooking\noil prices could rise by up to 20%, though the full impact is expected\nto be felt around two months after existing stockpiles dwindle. \u201cGlobal\ncooking oil prices could rise by up to 20%,\u201d said Chong, quoted from\nNation Thailand. Signs of price pressure are also emerging in several\nmarkets. The price increase is further supported by a surge in export\ndemand from Indonesia and Malaysia, the two countries supplying around\n85% of global palm oil needs. Malaysia\u2019s CPO exports in March 2026\njumped 41% from the previous month to 1.6 million tonnes. The rise was\ndriven by demand from China, the Middle East, the United States (US),\nand the European Union. The European Union was Malaysia\u2019s largest buyer\nwith a 23.4% share or around 963,000 tonnes from January to March\n2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/global-cooking-oil-prices-threatened-with-20-rise-due-to-war-1777258283",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}