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Bangkok Post
Bangkok Post
Business

Indonesia seeks to balance international, local palm oil demand

Oil Indonesia Jakarta Moody Analytics
Workers load palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, on April 27, 2022. (Reuters photo)

JAKARTA: Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday, amid the country's ongoing ban on exports of the vegetable oil.

The Southeast Asian nation, the world's top palm oil producer, has since April 28 halted exports of crude palm oil and refined products in order to control soaring prices of cooking oil at home.

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