Business Desk, Amar Ujala, New Delhi Posted by: Deepak Chaturvedi Updated on Thursday 19 May 2022 at 16:52 IST
Summary Indonesia has announced that it will lift the ban on palm oil from May 23. On Thursday, the country’s business leaders demanded the president lift export restrictions, after which this big decision was made. The government of Indonesia, the largest producer of palm oil, banned its export on April 28.
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On Thursday came news of relief for the common people of the country, which is facing severe inflation. In fact, the prices of edible oils may fall in the coming times. The reason for this is that Indonesia has decided to lift the palm oil export ban imposed in the past.
According to a report on the matter, Indonesia has announced that it will lift the ban on palm oil from May 23. On Thursday, the country’s business leaders had demanded the president remove export restrictions, after which this big decision was made. According to the report, after the ban on exports, the stock in the country has been filled, if the restrictions continue, the sector may face large losses. We report here that the government of Indonesia, the largest producer of palm oil, banned the export of palm oil on April 28.
Expansion
On Thursday came news of relief for the common people of the country, which is facing severe inflation. In fact, the prices of edible oils may fall in the coming times. The reason for this is that Indonesia has decided to lift the palm oil export ban imposed in the past.
According to a report on the matter, Indonesia has announced that it will lift the ban on palm oil from May 23. On Thursday, the country’s business leaders had demanded the president remove export restrictions, after which this big decision was made. According to the report, after the ban on exports, the stock in the country has been filled, if the restrictions continue, the sector may face large losses. We report here that the government of Indonesia, the largest producer of palm oil, banned the export of palm oil on April 28.