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Commodities

Indonesia to impose blanket export ban on palm oil

Move reverses previous announcement that only cooking oil material would be banned

Workers load palm oil fresh fruit to be transported to processing sites.   © Reuters

JAKARTA -- Indonesia will ban exports of all palm oil derivatives, the government said Wednesday, a reversal from an announcement made just a day earlier that the ban would apply only to products used in local production of cooking oil.

Airlangga Hartarto, the coordinating minister for the economy, said the ban taking effect Thursday will cover not just refined, bleached and deodorized palm olein (RBD olein), but also other palm oil derivatives including crude palm oil (CPO), red palm oil, palm oil mill effluent and used cooking oil.

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