Indonesia lifts palm oil export ban in relief to global market; govt makes decision after improvements in local supply and prices

JAKARTA, May 19 (Bloomberg): Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports in a move that will bring relief to the global market after the war in Ukraine choked off critical supplies.

Palm oil exports can resume from May 23, President Joko Widodo said in an online briefing on Thursday.