April 26

Crude Palm Oil Excluded From Indonesia Export Ban

By Bernadette Christina

Indonesia’s agriculture ministry said on Monday that crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.

The letter, which was verified by a ministry official, said the ban would however include refined, bleached and deodorized (RBD) palm olein.

It was still unclear on Monday whether products such as RBD palm oil and palm stearin would be affected.

Indonesian President Joko Widodo announced the ban late on Friday. It will take effect on April 28.

Jokowi, as the president is known, said on Friday that exports of cooking oil and its raw material would be banned but did not mention details.

Traders were caught by surprise by Jokowi’s announcement that Indonesia, the world’s biggest palm oil producer, was halting exports of the edible oil to ensure domestic food product availability.

Photo courtesy of oneVillage Initiative.

Source: Reuters (link opens in a new window)

global development