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.
Prices of the commodity have hit all-time highs on exchanges in the US and Europe. But at Asia’s largest grain market in Khanna values went the other way.
Skyrocketing exports of the agricultural commodity may have led to scarcity and food price inflation, the Commerce and Industry Minister told Business Today TV.
THE abrupt lifting of Indonesia’s palm oil export ban starting this Monday will once again disrupt the commodity’s price movement in the global edible oil market.