Norman Harsono (The Jakarta Post)
PREMIUM
Jakarta ●
Wed, May 25, 2022
The Trade Ministry on Monday issued a regulation with detailed terms for exporting palm oil in conjunction with the government’s lifting of the three-week export ban on the same day.
Trade Ministry Regulation No. 30/2022, which covers crude palm oil (CPO) and derivative products, requires palm oil producers to sell part of their production output in the domestic market at certain prices, the former dubbed domestic market obligation (DMO) and the latter domestic price obligation (DPO), to be eligible for an export permit.
Producers that do not meet the DMO and DPO requirements may receive a written warning or have their export permit suspended or revoked.
to Read Full Story
SUBSCRIBE NOW
Starting from IDR 55,500/month
- Unlimited access to our web and app content
- e-Post daily digital newspaper
- No advertisements, no interruptions
- Privileged access to our events and programs
- Subscription to our newsletters
Or let Google manage your subscription
