Indonesia: Oilseeds and Products Update

  |   Attaché Report (GAIN)   |   ID2024-0048

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

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Indonesia: Oilseeds and Products Update
Indonesia’s B40 biodiesel blending mandate program, which is expected to roll out in 2025, is projected to increase palm oil use by 3 percent to 22 million metric tons in 2024/25. Soybean consumption recovered in 2023/24 as soybean retail prices continue to decrease. Weak performance in the feed mill industry reduced 2023/24 soybean meal use lower than previously expected. Due to lower prices, Indonesia’s imports of U.S. soybean meal rose an estimated 43 percent to 167,000 MT in 2023/24.
East Asia and the Pacific, Indonesia
Oilseeds, Soybean Meal, Soybeans, Vegetable Oils (excl. soybean)

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