Browse Data and Analysis

Indonesia palm oil production is forecast to rise marginally to 47 million metric tons (MMT) in 2024/25 on expected recovery from extreme weather in 2023.

Despite economic challenges and high feed prices, demand for feed is expected to grow in Bangladesh as large commercial poultry farms expand their operations and some major feed producers have initiated contract poultry farming.

This report analyzes all vegetable oil markets in Korea, whether for food or industrial use, and covers oils derived from soybean, palm, palm kernel, olive, rapeseed/canola, grapeseed, sunflower seed, corn, coconut, sesame, perilla seed (a leafy plant from the mint family), and rice bran.

Assuming the return of more favorable growing conditions and yields that are in line with historical averages, Turkey is expected to produce more sunflowerseed, cottonseed, and soybeans in MY 2024/25 compared to the previous year, which was marked by dry weather conditions in parts of the country.

Post adjusts the Marketing Year (MY) 2021/22 palm oil production forecast down to 18.2 million metric tons (MT), due to ongoing labor shortages. The MY2021/22 palm oil export estimate is revised to 16 million MT, a drop of 500,000 MT due to the estimated drop in production and resumption of Indonesian palm oil exports. Palm oil prices continue to fall as key buyers, India and China, prefer soybean oil to palm oil.