Two weeks ago, the Attorney General’s Office (AGO) announced an investigation into export licensing for Crude Palm Oil (CPO). It named four suspects. Three are members of giant CPO-producing companies, and one is the Director General of Foreign Trade at the Ministry of Trade, Indrasari Wisnu Wardhana. The announcement had an unexpected side effect. On April 22, 2022, President Joko “Jokowi” Widodo decided to ban the exports of Crude Palm Oil (CPO) and processed CPO products. On April 27, 2022, the Ministry of Trade published the legal basis for the moratorium. The decision should take effect starting today, April 28, 2022.To subscribe please click here
