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Economy

Indonesia to lift palm oil export ban on May 23

Three-week restriction ended after farmers' outcries, rupiah fall

Indonesia's ban on palm oil exports in late April triggered protests by farmers and cut off supplies to the rest of the world.    © Reuters

JAKARTA -- President Joko Widodo has announced that Indonesia will lift its three-week-old ban on palm oil exports from Monday following protests by local farmers and the threat to export earnings.   

Widodo on Thursday said palm oil feedstock for national cooking oil production has reached 211,000 metric tons per month, higher than the 194,000 metric tons needed. 

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