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On February 6, the Government of Indonesia (GOI) announced it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies ahead of Ramadan and Eid festivities.
Indonesia 2022/23 palm oil consumption is expected to rise to 19.4 million metric tons (MMT) on increased use for biodiesel production, as the Government of Indonesia (GOI) rolls out higher blending rates for its 2023 mandatory biodiesel blending program.
A prolonged dry season in 2019 is expected to reduce 2020/21 sugarcane production to 27 million tons.
Indonesia’s wheat imports are expected to decline in 2019/20 due to weaker demand as a result of the ongoing COVID-19 pandemic, rebounding to 10.95 million tons in 2020/21.
Due to the global economic slowdown resulting from the COVID-19 pandemic and declining domestic consumer spending, Indonesia’s consumption and imports of cotton are forecast to decline five percent...