Indonesia: Oilseeds and Products Annual
Indonesian CPO production is expected to reach a record 35 MMT in MY 2015/16 despite the continued slowdown of planting area expansion. Low petroleum prices that are offsetting demand for biodiesel, coupled with growing palm oil production, are creating ample supplies, implying that palm oil exports will reach 22.7 MMT in 2015/16, about one percent higher than 2014/15 exports. 2015/16 Indonesian soybean production is expected remain limited despite government self-sufficiency goals. 2014/15 and 2015/16 soybean imports are expected to remain moderate, due to high stocks. Indonesia coconut planted area shows no significant expansion while copra production is expected to reach 1.6 MMT in 2015/16. Peanut production continues to decline following down trend in recent years.
