'It is best for all in world to lift palm oil ban,' says Jokowi on Indonesia's decision to end ban from Monday (May 23)

The government will still be monitoring everything strictly to ensure the demand will be met with affordable prices, says Indonesian President Joko Widodo. - Reuters

Jakarta, May 19, 2022 (AFP): Indonesia will lift its ban on palm oil exports next week, President Joko "Jokowi" Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine.

The archipelago nation issued the ban last month to secure supplies of the commodity, used in a range of goods from chocolate spreads to cosmetics, in the face of a domestic shortage.