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Indonesia considering scrapping domestic sales rule for palm oil exports

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Published Fri, Jul 22, 2022 · 01:53 PM
    • Minister Zulkifli Hasan told reporters he would discuss the idea with palm oil companies and could remove the export requirement if they remained committed to maintaining ample supply of cooking oil at home.
    • Minister Zulkifli Hasan told reporters he would discuss the idea with palm oil companies and could remove the export requirement if they remained committed to maintaining ample supply of cooking oil at home. PHOTO: REUTERS

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    INDONESIA’S Trade Minister said on Friday (Jul 22) his ministry was considering removing a domestic sales requirement for palm oil exports since high inventories of the vegetable oil were preventing a recovery of palm oil fruit prices.

    Minister Zulkifli Hasan told reporters he would discuss the idea with palm oil companies and could remove the export requirement if they remained committed to maintaining ample supply of cooking oil at home. REUTERS

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