Indonesia will ban exports of RBD palm olein from midnight on April 28 until prices of bulk cooking oil drop to 14,000 rupiah per litre, a senior minister said on Tuesday, while a document showed it was prepared to widen the ban if there are shortages.
The export ban will be imposed on all producers of refined, bleached and deodorized palm olein and applied on products under three HS codes, chief economic minister Airlangga Hartarto said in a statement.
Bulk cooking oil was offered at about 20,000 rupiah per litre at online marketplaces on Tuesday. In some traditional markets, they were sold at around 17,000-19,000 rupiah per litre, state news agency Antara reported. The government is prepared to widen its ban on exports of refined palm olein if it faces domestic shortages of derivatives used in the production of cooking oil, according to details presented at a meeting between government and industry officials.
China, India, the Philippines and South Korea, source between 46% and 58% of their total palm oil imports from Indonesia, Nomura said in a research note, adding that China was the top buyer of Indonesia's RBD olein.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Top palm-oil exporter Indonesia to ban exports starting ThursdayIndonesia, the world's top cooking-oil exporter, says it's going to ban exports of the oil this week, and it's sent the global prices of oils soaring
Les mer »
Human 'hobbit' ancestor may be hiding in Indonesia, new controversial book claimsStephanie Pappas is a contributing writer for Live Science, covering topics ranging from geoscience to archaeology to the human brain and behavior. She was previously a senior writer for Live Science but is now a freelancer based in Denver, Colorado, and regularly contributes to Scientific American and The Monitor, the monthly magazine of the American Psychological Association. Stephanie received a bachelor's degree in psychology from the University of South Carolina and a graduate certificate in science communication from the University of California, Santa Cruz.
Les mer »
U.K. bans exports on spy equipment sold to Russia used against UkraineBritain says it'll no longer allow technology to be exported to Russia that could be used to 'repress' the people of Ukraine.
Les mer »
The auto industry may be heading for EV battery shortage | Car News | Auto123According to Rivian boss R.J. Scaringe, we're headed for a major EV battery supply problem. Auto123 has the details.
Les mer »
New Nintendo Switch Update Bans 'NSFW' WordsA new update for the Nintendo Switch may have banned some words that some could deem NSFW (not [...]
Les mer »
Caught in the middle: Alaska needs more child care to aid economic recovery, but facilities are pinchedBoth economists and people in the industry say limited child care in Alaska is hampering economic recovery statewide.
Les mer »