Local planters set to benefit

“The upstream planters there will be able to go back to either selling CPO domestically to refiners or exporting it. For downstream planters, they can either not refine their products and just export the CPO, or only produce RBD palm oil, which is still allowed to be exported,” said RHB Research.

PETALING JAYA: Planters in Indonesia can resume exporting their crude palm oil (CPO) and other derivatives, following the Indonesian government’s latest clarification that its export ban only affects palm olein or “cooking oil”.

The republic’s export ban on the refined, bleached and deodorised (RBD) palm olein will take effect tomorrow.