Indonesia to lift palm oil export ban on Monday, May 23
Local sales requirement to secure cooking oil supplyminister
Indonesia to keep 10 mln tonnes of cooking oil at home
Export ban has cut palm fruit price by 70 farmers group

JAKARTA, May 20 Reuters Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world39;s biggest producer of the key edible oil reversed a ban on its export.

President Joko Widodo39;s government has made several reversals on palm oil policy since November. The lateApril export ban, an attempt to control high domestic cooking oil prices, shocked global edible oil markets and angered farmers as their product prices fell.

Palm oil, used in everything from margarine to shampoo, comprises a third of the world39;s vegetable oil market, with Indonesia accounting for about 60 of supply.

Jokowi, as the president is popularly known, said on Thursday the threeweekold ban would end next week, even though the price of bulk cooking oil remains well above the government39;s target of 14,000 rupiah 96 U.S. cents per litre.

Economy minister Airlangga Hartarto said on Friday the government will impose a Domestic Market Obligation DMO on palm oil to ensure 10 million tonnes of cooking oil remains at home.

The trade ministry will determine the size of the DMO that must be met by each producer and the mechanism to produce and distribute cooking oil to the communities, the coordinating minister for…