MARKET DEVELOPMENT
Indonesia 2023 domestic palm oil sales obligation hit 3.26m tons
Indonesia 2023 domestic palm oil sales obligation hit 3.26m tons
Trade ministry says 6.2m tons of permitted exports not yet realized
04/01/2024 (Nikkei Asia) - Indonesia recorded domestic sales obligation realization of 3.26 million metric tons in 2023, which translated into 25.2 million tons in export permits, Trade Ministry official Syailendra said on Thursday.
Of the total permit issued, around 6.2 million tons of exports have not been realized, he added. Indonesia issued shipment permits to companies once they have sold a portion of their products to the domestic market. – Reuters