Small Indonesian Palm Oil Planters Already Hit by New Export Ban

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - KAMPAR. Small palm oil planters in Indonesia have enjoyed big paycheques in the past year as global vegetable oil prices surged. But these farmers fear they will bear the brunt of the pain from a new export ban coming into effect on Thursday.

From April 28, the world's top palm oil producer will ban exports of refined, bleached and deodorized (RBD) palm olein. RBD palm olein are made by crushing palm fruit and processing it to remove impurities.