Indonesia lifts palm oil sale ban to the relief of global economy

Palm oil exports can resume from May 23, president Joko Widodo said in an online briefing yesterday. This was after considering improvements in local supply and prices, as well as the 17 million workers in the industry, he added.

PETALING JAYA: 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 yesterday. This was after considering improvements in local supply and prices, as well as the 17 million workers in the industry, he added.