Palm Oil Business Arrangement

The government has made positive steps by reopening the tap to palm oil exports. It also carried out an investigation into the perpetrators suspected of violating the law in managing the complex palm oil business.

The government has decided to lift the export ban on crude palm oil (CPO) and derivative products. This policy is effective from 23 May 2022.

This move should, of course, be welcomed. However, it must be viewed as a first step in rearranging or restructuring the future of business in the palm oil industry.