Indonesia To Increase It Domestic Oil Consumption To 30%

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.