Indonesia bans crude palm oil export to stabilize domestic supplies

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Indonesia bans crude palm oil export to stabilize domestic supplies

STORY: Indonesia bans crude palm oil export to stabilize domestic supplies DATELINE: April 24, 2022 LENGTH: 00:02:51 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Joko Widodo buying cooking oil in traditional market (Courtesy of BPMI) 2. various of a cooking oil modern factory (Courtesy of Antara) 3. various of cooking oil traditional factory (Courtesy of Antara) 4. various of port (Courtesy of Antara) 5. SOUNDBITE (Indonesian): JOKO WIDODO, Indonesian President (Courtesy of BPMI) STORYLINE: Indonesian President Joko Widodo said on Friday that the government has banned companies from exporting crude palm oil (CPO) and its derivatives starting from April 28 amid the shortage of supplies and soaring domestic prices. SOUNDBITE (Indonesian): JOKO WIDODO, Indonesian President "I will be monitoring and evaluating the implementation of this policy so that the availability of cooking oil in the country is abundant at affordable prices." The prices of cooking oil in Indonesia, which derives mainly f

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