Indonesia to review palm oil export quota

Indonesia, the world’s top palm oil producer, will suspend some existing palm oil export permits until the end of April. — Reuters

JAKARTA: Indonesia will review the ratio of its palm oil export quota amid rising prices of domestic cooking oil, according to the Coordinating Ministry of Maritime and Investment Affairs.

Indonesia imposes a so-called “domestic market obligation” (DMO) on palm oil, whereby companies are allowed to export only after they have sold a portion of their production at home.