Indonesia could widen palm oil export ban if local shortages -official

By MG News | April 26, 2022 at 08:30 AM GMT+05:00

0:00

April 26, 2022: Indonesia will only ban exports of refined, bleached and deodorized palm olein starting Thursday, while the ban will not include crude palm oil or other forms of derivative products, senior government official Musdhalifah Machmud said on Tuesday.

The government will strictly monitor the implementation of the ban and the availability of refined palm oil and crude palm oil domestically, according to a presentation the government gave to companies, which Machmud verified.

"If there is a shortage of refined palm oil, then further export bans can be carried out," according to the presentation.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,920.00	108,430.00 105,440.00	2170.00 2.05%
BRENT CRUDE	67.75	68.10 66.94	0.64 0.95%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	108.25	110.00 108.25	0.75 0.70%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.11	66.43 65.23	0.66 1.01%
SUGAR #11 WORLD	15.75	15.97 15.71	0.05 0.32%