Indonesia to allocate about 1 million tonnes of palm oil for export

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.