Since November, authorities have unrolled a bewildering array of policy measures including subsidies, export permits and a palm oil levy as well as export bans.
JAKARTA (Reuters): Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday (May 11), amid the country's ongoing ban on exports of the vegetable oil.
The imposition of mandatory domestic sales on palm oil will suppress the price of palm oil fresh fruit bunch (TBS), according to the Indonesia Palm Oil Farmer .