Indonesia has extended its domestic market obligation (DMO) for palm oil until 2024 in order to maintain the stability of cooking oil prices. The DMO policy was implemented last year to control the rising prices of cooking oil, and under the scheme, palm oil producers can only export once a portion of their products has been sold in the domestic market. The ratio of exports to domestic sales will remain the same, allowing companies to export four times the volume they have sold through the DMO mechanism.