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Indonesia resumed exports of palm oil yesterday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies to control cooking oil prices.
The Southeast Asian country, the world’s largest palm oil producer, halted exports of the oil on April 28 in an attempt to lower soaring local prices of cooking oil, rattling global edible oil markets already struggling with sunflower oil shortages due to the war in Ukraine.
Indonesian President Joko Widodo announced the lifting of the ban on exports of crude palm oil and some derivative products last