export

In February, the Commerce Department added 33 Chinese entities to its 'unverified list' which requires US exporters to go through more procedures before shipping goods to the entities.

Though Indonesia has officially allowed exports to restart after a three-week halt, companies are facing regulatory hurdles that are slowing the process of getting their shipments out.

The government should identify all of the problems in each of the sectors and formulate long-term solutions instead of addressing food security issues on a piecemeal basis.

President Joko Widodo has announced Indonesia will lift the export ban from Monday after imposing the policy on April 28 in a bid to control high domestic cooking oil prices.

President Joko Widodo says the supply of bulk cooking oil has now reached a level greater than what the domestic market needs.

The EU imports about 335,000 tonnes of crude palm oil from Indonesia on average per month, representing over 40% of total crude palm oil imports, EU vegetable oil group FEDIOL says.

The restrictions imposed by Indonesia have driven up global edible oil prices as supplies were already choked by other factors such as drought and shortages after Russia's invasion of major crop producer Ukraine.

Its palm oil export ban currently only applies to refined palm olein, although authorities say further export bans can be carried out if there is a shortage.

The move by the world's biggest palm oil producer to ban exports will lift the prices of all major edible oils including palm oil, soyoil, sunflower oil and rapeseed oil, industry watchers predict.

The ministry says the export ban has been eased for miners that have met a requirement to sell a portion for local power generation after the state utility procured enough coal at power stations to ensure 15 days of operations.

The government is set to formally recognise animals as sentient beings with feelings as part of its post-Brexit welfare plan.

Electrical products held the biggest share of total exports last year, while a surge in rubber products showed a silver lining in the new norm brought on by the pandemic worldwide.