Indonesia’s leader has lifted the ban on palm oil exports, effective May 23, citing better supply.

Reuters image file

Indonesia’s leader has lifted the ban on palm oil exports, effective May 23, citing better supply.

On May 19th, Indonesian President Joko Widodo It announced that it would lift the ban on palm oil exports from Monday (May 23) after the domestic supply of cooking oil improved.

President Widodo said The decision comes even if domestic cooking oil prices have not dropped to the Rp 14,000 per liter target set by the government. But the government has considered the welfare of the 17 million oil palm industry workers affected by the measure.

Indonesia, the world’s largest palm oil exporter, Has issued measures to ban palm oil exports since April 28 the past. In an effort to keep the price of cooking oil in the country from soaring However, the measure has caused dissatisfaction with palm farmers and the palm oil industry, which is greatly affected, especially income. Until the protesters gathered to pressure the government to lift the ban on palm oil exports.

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