Indonesia lifted a three-week ban on palm oil exports on Monday but exporters and traders claim more clarity is needed on the attached new regulations before the edible oil starts flowing out of the country.
Indonesia’s President Joko Widodo said last Thursday that palm oil exports from the country would resume this week.
The country’s Trade Ministry on Monday issued rules stating that companies must obtain an export permit that would be granted only to those able to meet their domestic market obligations, but details on how much of the palm oil must be held back remained unclear.
