JAKARTA/MUMBAI, Jan 29 (Reuters): Indonesia's plan to limit palm oil exports has upended the global edible oil market by making what is the traditionally cheapest vegetable oil the costliest among the three major edible oils traded across the world.
Indonesia, the world's biggest palm oil producer and exporter, on Thursday announced a 20% mandatory domestic sales obligation for all palm producers in a bid to cool local cooking oil prices.
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