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- (-) February 2022
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Indonesia kicked off 2022 by rolling out several market intervention policies in response to recent rising prices for cooking oil. From January 19-31, 2022, Indonesia implemented a temporary cooking oil subsidy program utilizing the Crude Palm Oil (CPO) fund, the same funding source that subsidizes the biodiesel mandate program.
MY 2016/17 sugarcane tonnage grew as a result of La Nina conditions, although sucrose yields fell due to flowering.
Feed-grade wheat import restrictions are driving down wheat imports, with MY 2016/17 estimated lower at nine MMT and 2017/18 at 9.45 MMT.
Indonesian importers report that anticipated increases in fossil fuel prices will drive down synthetic fiber demand, pushing up Indonesia’s expected cotton imports in MY 2016/17.