The Jakarta Post-May 20, 2022

The government finally decided on Thursday to revoke the total palm oil export ban which was imposed on April 28 apparently because the draconian measure caused more damages to the economy. The government did not admit it but the policy by and large failed to stabilize the price of bulk cooking oil price at the fixed price ceiling of Rp 14,000 (96 US cents) per liter, which is half of the free market price. Read more at: https://www.thejakartapost.com/opinion/2022/05/19/palm-oil-export-ban-revoked.html First published in The Jakarta Post