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Indonesia is the 10th largest export destination for U.S. agricultural products. In 2018, the United States was the largest agricultural exporter to Indonesia.
The Dominican Republic (DR) is the fourth-largest market for U.S. agricultural and related products in the Western Hemisphere, increasing 11 percent to reach a record $1.44 billion in 2018.
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.
For Marketing Year October 2019 / September 2020 (MY 2019/20), Post forecasts overall production to increase to 565,000 metric tons (MT) due to favorable weather conditions.
With U.S. consumer-oriented product exports reaching a record $569 million in 2018, the Dominican Republic represents the fifth-largest market for such products in Latin America.
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.