date:Feb 14, 2023
this month, which will decrease the supply of palm oil used for food, Indonesia is suspending half of palm oil export permits to secure supply ahead of Islamic festivals in the country and lower prices.
The minister of Maritime and Investment Affairs, Luhut Binsar, explains that he fears producers have little incentive to supply the domestic market, favoring exports.
Under the current export policy, producers can sell abroad six times what they sell at home. With the new policy, only three