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Indonesia faces economic challenges in 2015 and 2016. Bank Indonesia expects growth at approximately 4.7 – 5.1 percent in 2015 and 5.2-5.6 percent in 2016.
The Indonesian food processing industry will serve a population of 255 million in 2016 and offer significant market potential for U.S. food and ingredient suppliers.
Favorable cotton prices relative to synthetic fiber prices, combined with the expansion of large mills, have led to higher imports and consumption of cotton in MY 2014/2015.
Indonesia is experiencing an El Nino event characterized by atypical dryness throughout much of its palm oil production regions.
The Indonesian Agricultural Quarantine Agency (IAQA) has confirmed the terms required for the continued shipments of fresh food of plant origin following the U.S. FDA recall of apples due to Listeria.
Indonesian CPO production is expected to reach a record 35 MMT in MY 2015/16 despite the continued slowdown of planting area expansion.
In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”
Indonesian wholesale rice prices grew by 22 percent in February, 2015, while retail prices increased more than 5 percent during the same period.