KONTAN.CO.ID - JAKARTA. Indonesia will review its palm oil export quota ratios amid rising prices of domestic cooking oil, the Coordinating Ministry of Maritime and Investment Affairs. Indonesia imposes a so-called Domestic Market Obligation (DMO) on palm oil whereby companies are allowed to export only after they have sold a portion of their production at home. The government regulates the price of palm oil sold under the DMO scheme, which is channeled to a cheap cooking oil programme.
Indonesia to Review its Palm Oil Export Quota Ratio - Ministry
KONTAN.CO.ID - JAKARTA. Indonesia will review its palm oil export quota ratios amid rising prices of domestic cooking oil, the Coordinating Ministry of Maritime and Investment Affairs. Indonesia imposes a so-called Domestic Market Obligation (DMO) on palm oil whereby companies are allowed to export only after they have sold a portion of their production at home. The government regulates the price of palm oil sold under the DMO scheme, which is channeled to a cheap cooking oil programme.