INDONESIA:
To Escalated It’s (DMO) Domestic Market Obligation Requirements Of Palm Oil from 20% To 30 % ,New DMO policy to be. Effective On MAR 10 ,2022 .
Indonesian Minister “Lutfi Said ,This New DMO imposed untill the situation returns to normal in the city .
Indonesia has imposed a rule starting for a mandatory portion of palm oil to be sold domestically at a maximum price of Rp 9,300 (US$0.6465) per kilogram for crude palm oil (CPO) and 10,300 rupiah per kg for olein.
The requirement comes as the world’s top producer and exporter of palm oil tries to curtail a rise in domestic cooking oil prices that have climbed about 40 percent from a year earlier, in line with high global CPO prices.
