25 February 2022
Indonesia has imposed a domestic market obligation on all crude palm oil and RBD palm olein products such that exporters must sell 20% of their planned exports to the domestic market. This obligation came into force on 27 January 2022. This move is intended to curtail a rise in domestic cooking oil prices. The mandatory portion to be sold domestically must be sold at a maximum price of IDR9,300 per kilogram for crude palm oil and IDR10,300 per kilogram for olein.
The Indonesia Ministry of Trade has also implemented similar requirements on biodiesel products, effective 8 February 2022.