Indonesia plans to eventually stop all crude palm oil exports


JAKARTA (Bloomberg): Indonesia, the world’s biggest producer of crude palm oil, plans to stop exporting the raw commodity eventually, shipping refined products instead.

"At some point, we must stop exports of crude palm oil, it should be in the form of cosmetics, margarine, biodiesel and other processed products,” President Joko Widodo said in a video uploaded to the official channel.

The country needs to be bold in stopping shipments of raw materials, despite the risk of lawsuits at the World Trade Organization.

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Indonesia , palm , oil , exports , crude

   

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