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Bangkok Post
Bangkok Post
Business

Indonesia considering scrapping domestic sales rule for palm oil exports

Oil Indonesia Zulkifli Hasan Trade Jakarta
People shop for cooking oil made from oil palms at a supermarket in Jakarta on March 27, 2022. (Reuters photo)

JAKARTA: Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding back a recovery of palm oil fruit prices, Trade Minister Zulkifli Hasan said on Friday.

Since ending a temporary ban on exports in late May, the world's biggest palm oil producer has required companies to sell a portion of output at home before issuing export permits, a policy known as DMO, in a bid to control cooking oil prices.

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