Indonesia: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   ID2024-0022

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Office of Agricultural Affairs, Jakarta   |   (011-62-21) 3435-9161

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Indonesia: Oilseeds and Products Update
Indonesia palm oil exports are estimated to decline to 26.5 million metric tons (MMT) in 2023/24 on lower output and weaker demand from key destination markets. Post revised down 2023/24 palm oil production to 45.6 MMT as 2023’s El Nino led to much lower yields than previously anticipated. Indonesia 2023/24 soybean production is also revised down to 360,000 metric tons on reduced government assistance for soybean production. Post revises 2023/24 soybean meal imports down to 5.65 MMT on weak demand from the poultry feed industry.
East Asia and the Pacific, Indonesia
Oilseeds, Soybean Meal, Soybeans, Vegetable Oils (excl. soybean)

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