The authorities will also introduce a single price for cooking oil sold in the local market and bring in rules to avoid "subsidy leakage". - Reuters
JAKARTA (Reuters): Indonesia will require palm oil exporters to obtain permits for their shipments and ask producers to declare how much palm oil they plan to sell domestically, senior officials said on Tuesday (Jan 18), amid efforts to control soaring cooking oil prices.
The world's biggest producer and exporter of palm oil has been trying to bring down domestic cooking oil prices that have climbed about 40 per cent from a year earlier, in line with high global palm oil prices.
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