Indonesia warned palm oil export ban could backfire, say top experts

JAKARTA, April 23 (dpa): A decision by Indonesia to ban exports of crude palm oil to tackle a shortage of cooking oil that has sparked protests could backfire, a legislator and an economist warned on Saturday.

President Joko Widodo announced on Friday that exports of cooking oil and crude palm oil would be suspended starting April 28 in a bid to stabilize prices at home.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , Palm Oil , Export , Ban , Mistake , Say Experts


Next In Aseanplus News

Ambitious school meals programme by Laos govt and WFP has benefited over 69,000 students
Vietnam’s state utility group seeks more power savings amid record demand
Brunei security guard receives five years’ jail, five canings for sexual assault
Hong Kong director of documentary on 2019 protests hits out at ‘self-censorship’ after cinema chain scraps romance drama rescreening
Are Western travellers avoiding Hong Kong over fears of ‘political dangers’? City’s tourism drive faces many hurdles: experts
Two joint ventures awarded contract for KL Tower ownership for next 20 years, says Fahmi
Taiwanese actress Yao Yao apologises for failing to pay condominium maintenance fees for a year
Injuries to SQ321 crew, passengers likely caused by rapid changes in G-force, 178ft drop over 4.6sec
Ringgit closes lower against US dollar
Japan needs to do more to counter human rights abuses, says UN rights group

Others Also Read