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Indonesia raised palm oil export quotas on Saturday (2), allowing companies that sell the commodity domestically to export up to seven times the volume of their domestic sales from July 1, according to information from a minister. high-ranking government officials.
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Earlier, Maritime Affairs and Investment Minister Luhut Pandjaitan said the government also intends to execute a plan to increase the mandatory blend in biodiesel, currently at 30%, to 35% or 40%, depending on the supply and price of crude palm oil. . The country is the largest global producer and exporter of the product.
Source: DATA
