Indonesia will tighten export rules for palm oil from January 1, 2023.
Exporters will be allowed to ship six times their domestic sales volume, according to the new regulation.
Septian Hario Setio, a Coordinating Ministry for Maritime and Investment Affairs official said on Friday; “To secure domestic supply, especially for the first quarter of 2023."
Seto added that the ratio will be evaluated periodically by considering the domestic situation, including cooking oil availability and prices.
Indonesia had earlier this year introduced export measures on palm oil products.
Quadri Adejumo covers World News, Health, Climate & Humanitarian.
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