Indonesia: Oilseeds and Products Update
Due to favorable growing conditions and reports of higher production throughout the sector, palm oil production is forecast to reach 38.5 million tons in 2017/18, and 2016/17 output is revised up to 36 million tons. Buoyed by larger domestic availability, palm oil exports in 2017/18 are also revised upwards. Soybean imports from the United States continue to grow. However, the Ministry of Agriculture’s plans to curb soybean imports cloud prospects for future U.S. soybean sales.
