Minister of Trade Zulkifli Hasan explains why Indonesia tightens CPO exports

게시됨 2023년 1월 2일

Tridge 요약

The Indonesian government has announced new regulations limiting the export of crude palm oil (CPO) in anticipation of increased domestic demand during the Ramadan and Idul Fitri holidays in March 2023. The regulations reduce the export volume ratio from 1:8 to 1:6, meaning companies can now only export six times the volume of their domestic market obligations. Despite these restrictions, the government does not expect a significant impact on export performance and believes exporters will be able to meet both domestic and international commitments. The Indonesian Palm Oil Producers Association supports this export policy but suggests it be monitored and adjusted as necessary to balance both domestic and international market demands.
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원본 콘텐츠

Jakarta, CNBC Indonesia - The Minister of Trade (Mendag) Zulkifli Hasan said that the tightening of the rules for the export of crude palm oil (CPO) was carried out to secure the needs of the month of Ramadan and Idul Fitri which will begin in March 2023. The tightening was carried out by reducing the ratio of export volume from the volume of domestic market obligations (DMO) carried out by companies. Previously, the DMO volume was 1:8, meaning that palm oil business actors received CPO export permits eight times the DMO volume carried out domestically. However, with the issuance of this new regulation, business actors are only permitted to export six times the volume of DMOs implemented domestically, or 1:6. "Why? Because we are preparing for fasting and Eid, maybe domestic needs will increase, therefore we will reduce the DMO," Zulhas explained in a press conference early 2023, Monday (2/1/2023). However, he believes that the policy of tightening CPO exports will not have a ...

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