Indonesia, the world's biggest exporter of palm oil, has yet again reversed its export policy, looking to accelerate shipments just weeks after ending a three-week export ban aimed at maintaining domestic supply.
JAKARTA (The Straits Times/Asia News Network): Efforts by Indonesia to curb rising cooking oil prices at home by messing with the free market have disrupted the market and any positive outcome would not last, experts have argued.
Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.
JAKARTA, Indonesia Indonesia will lift its ban on palm oil exports next week, President Joko Widodo said Thursday, relieving pressure on the global vegetable oil market after prices spiked because of the suspension and the war in Ukraine. The archipelago nation issued the ban last month to secur