Indonesia has imposed a rule starting Thursday for a mandatory portion of palm oil to be sold domestically at a maximum price of 9,300 rupiah ($0.6465) per kg for crude palm oil and 10,300 rupiah per kg for olein, its trade minister said. The so-called Domestic Market Obligation (DMO) will be applied to all cooking .
The world’s top palm oil exporter Indonesia will require exporters of the vegetable oil to obtain export permits from the Trade Ministry for their shipments starting Jan. 24, ministry officials said. Palm oil producers are also required to declare how much of their production has been supplied to domestic buyers to obtain export papers, Trade .
Indonesia has so far allowed 48 coal export vessels to depart, a senior Trade Ministry official said on Tuesday, although the country’s broader coal export ban remains in place until the end of the month. The world’s biggest thermal coal exporter implemented an export ban on Jan. 1 as coal inventories at local power plants .
JAKARTA (Reuters): Indonesia will require palm oil exporters to obtain permits for their shipments and ask producers to declare how much palm oil they plan to sell domestically, senior officials said on Tuesday (Jan 18), amid efforts to control soaring cooking oil prices.