Indonesia lowers domestic sales mandate for palm oil sellers, raises price cap

Indonesia lowered its mandate for the amount of palm oil companies must allocate to a government run-cooking oil program and raised the price cap under its Domestic Market Obligation policy Aug. 19, to enhance participation from local sellers. The new DMO target is set at 250,000 metric tons per month, down from 300,000 t/m, Trade Minister Zulkifli Hasan said, adding…Indonesia lowered its mandate for the amount of palm oil companies must allocate to a government run-cooking oil program and raised the price cap under its Domestic Market Obligation policy Aug. 19, to enhance participation from local sellers. The new DMO target is set at 250,000 metric tons per month, down from 300,000 t/m, Trade Minister Zulkifli Hasan said, adding…Read More