Indonesia: Oilseeds and Products Annual

Indonesia palm oil production is expected to reach 46 million metric tons (MMT) in 2022/23 on favorable weather and higher producer profit margins. Palm oil exports for 2021/22 are revised down from the previous update due to the Government of Indonesia’s domestic market obligation (DMO) requirement, which increased to 30 percent from 20 percent. Soybean imports for 2021/22 are revised downward due to anticipated weaker demand from tempeh and tofu producers as result of rising soybean retail prices.