Indonesia: Indonesia Freezes Two-Thirds of Palm Oil Exports to Secure Domestic Cooking Oil Supplies Ahead of Ramadan

  |   Attaché Report (GAIN)   |   ID2023-0004

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Indonesia: Indonesia Freezes Two-Thirds of Palm Oil Exports to Secure Domestic Cooking Oil Supplies Ahead of Ramadan

On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities. The GOI has set a target of increasing domestic cooking oil supplies by 50 percent. A projected 400,000 to 800,000 metric tons (MT) of Indonesian palm oil are expected to be blocked from the global market over the next three months.

East Asia and the Pacific, Indonesia
Oilseeds, Vegetable Oils (excl. soybean)

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