Indonesia Tells Palm Oil Producers to Raise Local Sales of Cooking Oil

COOKING OIL - JAKARTA. Indonesian trade authorities are asking palm oil producers to increase their average sales of cooking oil to the local market under the so-called Domestic Market Obligation scheme to reduce prices, a trade ministry official said on Monday.

Producers in Indonesia, the world's biggest exporter of palm oil, have to sell some of their output locally at a capped price to gain export permits.