Indonesian palm oil farmers call for removal of local sales rules


JAKARTA, June 25 (Reuters): Indonesian farmers want authorities to scrap a requirement for exporters to sell a portion of their palm oil domestically, a move that should boost shipments and mean mills pay more for fresh fruit bunches (FFBs), a farming official said.

Indonesia, the world's biggest exporter of palm oil, shocked global edible oil markets by banning palm oil shipments for three weeks to May 23 in an attempt to cool domestic cooking oil prices.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Laos records more than five million tourists so far in 2024
Sydney train network to shut down for four days amid pay dispute
Vietnam textile group seeks to diversify markets after Trump win
US defence chief says alliance with Philippines will transcend administrations
Singapore PM makes congratulatory phone call to Donald Trump
Thai PM Paetongtarn says she is unaware of plans for Yingluck's return
Public outcry of animal cruelty lands Thai TV series in hot water
Three die during car test at Hyundai plant in South Korea
Beijing says Myanmar rebel leader in China for 'medical care'
Brunei enhances effort to combat air pollution

Others Also Read