Indonesia shakes palm oil market again, eyeing biodiesel over exports

Jakarta pushes to boost domestic use as EU steps up deforestation battle

20230207N palm oil guy with stick REU

A worker collects fresh fruit bunches during harvest at a palm oil plantation in Indonesia. © Reuters

YUJI YAMAMOTO, Nikkei staff writer

TOKYO -- Indonesia has sent new shock waves through the palm oil industry as it devotes more to domestic use, less than one year after its brief ban on exports propelled international prices on a roller coaster ride.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.