Weekly Digest: Controversies Surrounding CPO Export Ban Policy

pouring cooking oil
Summary

  • 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.

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