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Indonesia to impose domestic sales requirement for palm oil -minister

05/19/2022 | 11:35pm EDT
FILE PHOTO: FILE PHOTO: How Indonesia's policy stumbles over palm oil have unfolded

JAKARTA (Reuters) - Indonesia will impose a domestic market sales requirement for palm oil to ensure the supply of cooking oil is secured at home after the removal of a palm oil export ban on Monday, the country's chief economics minister Airlangga Hartarto said.

The government aims to maintain a domestic supply of 10 million tonnes of cooking oil by setting a so-called domestic market obligation, Airlangga told a briefing on Friday. The minister said the trade ministry would determine the portion of domestic sales that must be supplied by producers.

(Reporting by Fransiska Nangoy, Bernadette Christina Munthe; Editing by Ed Davies)


© Reuters 2022
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