Indonesia: Indonesia Freezes Two-Thirds of Palm Oil Exports to Secure Domestic Cooking Oil Supplies Ahead of Ramadan

  |   Attaché Report (GAIN)   |   ID2023-0004

On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities. The GOI has set a target of increasing domestic cooking oil supplies by 50 percent. A projected 400,000 to 800,000 metric tons (MT) of Indonesian palm oil are expected to be blocked from the global market over the next three months.

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