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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...
Indonesia is the 10th largest export destination for U.S. agricultural products. In 2018, the United States was the largest agricultural exporter to Indonesia.
Indonesia’s new Minister of Agriculture Syahrul Yasin Limpo has stated a goal of exporting 100,000 – 500,000 tons of “premium” rice in 2020.
Indonesian imports of U.S. wheat reached a record high 1.73 million tons in 2018/19.
Indonesia’s launch of B30 in January 2020 is expected to increase 2019/20 industrial consumption of palm oil to 9.2 million tons, raising total domestic consumption to a record 15.61 million tons.
Cotton imports for 2018/19 are lowered to 3.05 million bales due to competition from imported yarn and fabrics, a weak rupiah, and lower demand from export markets for garments.
Indonesia’s 2019/20 coffee exports are expected to increase by 400,000 bags based on higher production and competitive pricing for both Robusta and Aribia varieties.
Hampered by several constraints, domestic fluid milk production is expected to only marginally increase in 2019.
In 2018, Indonesia’s imports of consumer-oriented agricultural products grew to $5.9 billion, an 8.5 percent increase from the previous year.
The Indonesian food and beverage industry is comprised of over 5,000 large and medium size companies and is valued at an estimated $188 billion.
Indonesia’s palm-based biodiesel industry enjoyed a large expansion in 2018 with the beginning of nationwide expansion of B20 to the non-public (Non-PSO) transport sector and a sharp jump in overseas