Indonesia to tighten palm oil exports from Jan. 1
FILE PHOTO: Trucks with palm oil fresh fruit bunches queue for unloading at a factory in West Aceh, Indonesia, May 17, 2022, in this photo taken by Antara Foto. Antara Foto/Syifa Yulinnas/ via REUTERS
JAKARTA : Indonesia will tighten export rules for palm oil from Jan. 1 by allowing less shipments overseas for every tonne sold domestically, according to a new regulation reviewed by Reuters, which was confirmed by an industry official.
Starting next year, exporters will be allowed to ship six times their domestic sales volume, smaller than the current ratio allowed of eight times, Indonesian Palm Oil Association (GAPKI) Secretary General Eddy Martono said.
Source: Reuters
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