Indonesia To Lift Palm Oil Export Ban, Says President Joko Widodo

Indonesia announced to lift its palm oil exports ban on May 23. The decision was taken by Indonesian President Joko Widodo, which is said to be a major relief for global vegetable oil markets, which reached a massive hit in the past few weeks. Joko said, the decision was taken considering 17 million people, and farmers suffering from the ban. The ban was imposed on April 28, amid Ukraine-Russia war.