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Indonesia will further restrict exports of palm oil from Thursday to increase domestic supplies, as authorities ramp up efforts to contain a surge in cooking oil prices, Trade Minister Muhammad Lutfi said. The world’s biggest producer and exporter of palm oil will require companies to sell 30% of their planned exports of crude palm oil .

Kuala lumpurKanupriya kapoorMei chuAnilkumar baganiTogar sitanggangEd daviesKim coghillSatria sambijantoroMuhammad lutfiSunvin groupTrade minister muhammad lutfiDomestic market obligationBahana securitiesKuala lumpur editing