Weekly Digest: Controversies Surrounding CPO Export Ban Policy
- President Joko “Jokowi” Widodo decided to ban the export of crude palm oil (CPO) and its derivatives on April 28, 2022.
- The export ban policy has driven CPO prices to record high.
- On the other hand, the policy made farmers’ fresh fruit bunch fall.
- The CPO exports ban may erode the country's foreign exchange and worsen the Indonesian economy as well.