Palm Oil Buyers Book Indonesia Orders Despite Export Rule Mayhem

Palm oil buyers are continuing to lock in Indonesian supplies for the coming months, betting that an official transition period will keep trade flows going as they seek clarity over the country’s new one-gate export policy.

Indonesia unexpectedly moved to centralize key commodity shipments in late May, but has allowed some exporters to keep operating as normal during an initial phase that began recently and will be reviewed after three months. Against that backdrop, there’s been little disruption in the flows of palm oil so far, according to buyers and traders who requested anonymity in discussing private transactions.

Indian customers ...