Indonesia to impose domestic sales requirement for palm oil -minister

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JAKARTA : Indonesia will impose a domestic market sales requirement for palm oil to ensure the supply of cooking oil is secured at home after the removal of a palm oil export ban on Monday, the country’s chief economics minister Airlangga Hartarto said.

The government aims to maintain a domestic supply of 10 million tonnes of cooking oil by setting a so-called domestic market obligation, Airlangga told a briefing on Friday. The minister said the trade ministry would determine the portion of domestic sales that must be supplied by producers.

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