Indonesia will lift the ban on palm oil export from May 23

Indonesia will lift the ban on palm oil export from May 23] Reuters reported on May 19, Indonesian President Joko said on Thursday that Indonesia will lift the ban on palm oil export from May 23 as the country's domestic edible oil supply improves. Zoko issued a statement via video that although the price of bulk edible oil has not reached the target price of 14000 IDR per liter, the government made a decision to lift the ban in view of the welfare of 17 million workers in the palm oil industry. (Interface news)

Reuters news on May 19, Indonesian President Zoko said on Thursday that Indonesia would lift the ban on palm oil export from May 23 as the country's domestic edible oil supply improved.

Zoko issued a statement via video that although the price of bulk edible oil has not reached the target price of 14000 IDR per liter, the government made a decision to lift the ban in view of the welfare of 17 million workers in the palm oil industry.

Indonesia is the world's largest exporter of palm oil. The Indonesian government banned the export of raw palm oil and other palm oil products from April 28 due to the shortage of edible oil in Indonesia and the soaring price. The ban disrupted the global vegetable oil market and triggered hundreds of local small-scale palm oil farmers in Indonesia to protest on the street because of the impact of income, demanding that the government lift the ban.