date:May 24, 2022
Industrys largest palm oil supplying nation Indonesia is reopening its ports, less than a full month after it shocked global markets with an unexpected export ban.
Indonesian minister of economics, Airlangga Hartarto, notes that the ban lifting will come next to a domestic market obligation (DMO) requiring 10 million metric tons of cooking oil to stay grounded in Indonesia at any given time, eight million for consumption and two for reserves.
The trade ministry will determine the size of the