Indonesia to lift ban on palm oil export from May 23 - Shahpur Turk CSC - Common Service Centre in Sonipat Indonesia to lift ban on palm oil export from May 23

21 May 2022

Indonesia to lift ban on palm oil export from May 23

Indonesia said Thursday it will lift a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil. President Joko Widodo said exports will resume on Monday. Indonesia and Malaysia are the world’s largest exporters of palm oil, which plays an important role in their economies. They account for 85% of global palm oil production.

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