Commodity Superfast: Big relief for India, Indonesia lifts ban on palm oil export

There is news of relief for India. Soon the prices of expensive edible oil may come down. Indonesia has announced to withdraw its decision to ban the export of palm oil. The ban imposed on the export of palm oil will be lifted from May 23. Indonesian President Joko Widodo has announced this. Indonesia has taken this decision keeping in mind the interests of 17 million people working in the palm oil sector.