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On, September 26, 2023, the Government of Indonesia (GOI) announced it will authorize the importation of an additional 2 million metric tons (MMT) of rice to offset rice production shortfalls and bring down rice prices. BULOG, a state-owned logistics company, reported its 2022/23 ending stocks risk falling below food security levels.
In 2022, the Indonesian foodservice industry was valued at $29 billion, an almost 30 percent increase from the previous year, making it the largest foodservice market in Southeast Asia.
After a lengthy interagency review, Indonesia’s Ministry of Agriculture released updated oil palm area data, significantly increasing overall plantation hectares.
This report supplements information provided in the 2019 Indonesia FAIRS Country Report and updates the 2018 Indonesian FAIRS Export Certificate Report.