Leading edible oil analyst Dorab Ministry on Thursday urged Indonesia to immediately resume palm oil exports, warning that a halt pending details of a domestic sales rule could spell economic "doom" for farmers.= (File pic)
JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government's bulk cooking oil programme, a senior trade ministry official said on Friday.
Indonesia, the world's biggest palm oil producer, allowed shipments to restart from May 23 after a three-week export ban designed to control cooking oil prices at home, but companies have been awaiting technical rules before resuming.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
