JAKARTA (Reuters) - Indonesia, the world's top producer of palm oil, will issue a moratorium on new palm oil concessions, President Joko Widodo said on Thursday, part of the country's efforts to reduce the sector's impact on the environment.
Home to the world's third-largest area of tropical forests, Indonesia has been criticised by green activists and other Southeast Asian nations on its forestry policy and for failing to stop the region's annual "haze" problem caused by forest-clearing for palm and pulp plantations.