Indonesian Palm Oil Farmers Call for Removal of Local Sales Rules

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Indonesian farmers want authorities to scrap a requirement for exporters to sell a portion of their palm oil domestically, a move that should boost shipments and mean mills pay more for fresh fruit bunches (FFBs). A farming official said.

Indonesia, the world's biggest exporter of palm oil, shocked global edible oil markets by banning palm oil shipments for three weeks to May 23 in an attempt to cool domestic cooking oil prices.