Indonesia to allow key palm oil exports, sparking price swings and risks overflowing of storage

Indonesia exports about 60 per cent of its output in the form of processed palm oil. - Reuters

SINGAPORE, April 25 (Bloomberg): Palm oil slumped on prospects that top producer Indonesia’s surprise ban of cooking oil exports will not be strict as feared.

Indonesia will only halt exports of bulk and packaged RBD palm olein, a higher value product that has been processed.