Economic Indicators
Indonesia ministry to hold briefing on lifting of palm oil export ban
2022.05.20 05:06
FILE PHOTO: Indonesian palm oil farmers take part in a protest demanding the government to end the palm oil export ban, outside the Coordinating Ministry of Economic Affairs office, in Jakarta, Indonesia May 17, 2022. REUTERS/Willy Kurniawan
JAKARTA (Reuters) – Indonesia’s Coordinating Ministry for Economic Affairs is scheduled to hold a briefing on the Southeast Asian country’s reopening of palm oil exports at 0300 GMT on Friday, according to a media invitation.
President Joko Widodo announced on Thursday that Indonesian, the world’s biggest producer of the edible oil, will lift the export ban from Monday after imposing the policy on April 28 in a bid to control the high domestic price of cooking oil.
