Indonesia to Retain Domestic Palm Oil Sales Rules
KONTAN.CO.ID - JAKARTA. Indonesia will keep a domestic sales requirement for palm oil in place to ensure cooking oil prices remain affordable at home, a senior government official told Reuters on Monday. Noting that a quota for export shipments would be relaxed further.
Palm oil industry participants have called for the removal of the so-called Domestic Market Requirement (DMO) under which exporters must sell a portion of production to the local market first before being granted export permits.
