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- (-) February 2024
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Post revised down Indonesia palm oil exports estimate to 27.9 million metric ton (MMT) on lower supplies, higher domestic use and expected reduced export demand for 2023/24. Palm oil use for the biodiesel industry is revised down to 12.3 MMT for 2023/24 on lower-than-expected biodiesel distribution in 2023.
Indonesia’s Halal Product Assurance Agency (BPJPH) recently promulgated a new decree requiring imported products’ halal certificates issued by foreign halal certifying bodies be registered with BPJPH prior to the importation and distribution of the...
The continued depreciation of the Indonesian rupiah against the U.S. dollar, depressed consumer purchasing power, and global economic slowdown is lowering demand for Indonesian textiles and products.
Palm oil production estimates for 2015/16 remain unchanged at 33 million metric tons.