Malaysian Palm Oil Council Russia's Post

Indonesia May Set Local Mandatory Portion of Palm Oil Exports
By Eko Listiyorini

(Bloomberg) -- Indonesia may soon impose a mandatory portion of exports that producers must set aside for the domestic market to ensure a sufficient supply of cooking oil, says Indrasari Wisnu Wardhana, director general of foreign trade at the trade ministry on Friday.

“If there is no improvement in the domestic supply situation, we will issue a policy that makes it mandatory for exporters to supply to the local market,” says Wardhana
Currently, exporters are allowed to set their own percentage of exports that are sold locally

Under a new regulation to be imposed starting Jan. 24, exporters are obliged to submit details of their export plans and the local supply portions for the next six months

If the portion is too small and the amount unreasonable in comparison to their export volumes, the ministry can deny the export permit
Export permits will be issued based on the assessment and are valid for six months
By: via Malaysian Palm Oil Council Russia