Indonesia to reimpose local palm oil sales rule as it ends export ban


JAKARTA, May 22 (Reuters): Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.

President Joko Widodo's government has made several reversals on palm oil policy since November. The late-April export ban, an attempt to control high domestic cooking oil prices, shocked global edible oil markets and angered farmers as their product prices fell.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , Palm Oil , Sales , Local , End , Export Ban

Next In Aseanplus News

Differing perspectives
Passenger bus crash kills at least 16 people
The high cost of Bollywood stardom
Top leadership talks hot up
Parliament passes Bill to launch probe into 2024 Jeju Air crash
Flagship H3 rocket fails to launch geolocation satellite
Two missing fishermen found dead
Head of state heading back to the Blue House
Thailand, Cambodia to discuss new pact tomorrow
Clear path for nuclear comeback

Others Also Read