Indonesia Palm Oil Shares and Rupiah Take Hit From Tougher Export Ban
KONTAN.CO.ID - JAKARTA. Shares of some of Indonesia's leading palm oil plantation companies and the rupiah currency fell on Thursday, after the government shocked markets by making last-minute changes to an export ban to include crude palm oil and other refined products.
Markets had earlier been relieved when Indonesia's chief economic minister said the ban would only cover refined, bleached and deodorized (RBD) palm olein. But in a stunning policy U-turn late on Wednesday, authorities in the world's largest palm oil producer announced other products would also be included.
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