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Indonesia Trade Ministry plans to revise palm oil domestic market obligation rules

Tan KW
Publish date: Mon, 29 Jul 2024, 02:09 PM
Tan KW
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JAKARTA Indonesia's Trade Ministry is planning to revise the domestic market obligation rules for palm oil to potentially change the prices for the portion and types of product sold to the local market, director Bambang Wisnubroto said on Monday.

Indonesia currently requires palm oil producers to sell a portion of their output to the domestic market at a capped price in order to gain export permits. Bambang did not provide further details, but said the ministry aims for a revision to this rule to be issued this week.

 


  - Reuters

 

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