Browse Data and Analysis

On July 4, 2024, the Indonesian Quarantine Agency (IQA) notified the World Trade Organization (WTO) of their plans to issue a new regulation regarding Quarantine Documents and Seals under notification number G/SPS/N/IDN/149.

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.

Driven mainly by higher demand from feed mills, higher consumption of flour-based food during the consecutive religious festivities and general election, as well as demand for alternative staples cheaper than rice and trending flour-based foods, Indonesian wheat imports in 2023/24 are estimated to break record levels at 12.6 million metric tons (MMT).

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.