Oilseeds and Products Update

Global Agricultural Information Network (GAIN) Reports

In order to provide agricultural market intelligence, insight, and analysis of interest to exporters of U.S. agriculture, USDA Indonesia generates 21 scheduled public Global Agricultural Information Network (GAIN) reports annually.

Besides the scheduled GAIN reports, USDA Indonesia may also generates time-critical public voluntary GAIN reports regarding important policy or market changes that is not covered by the scheduled GAIN reports.

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Oilseeds and Products Update

ID 2024-0022 – Published on August 7, 2024

Indonesia palm oil exports are estimated to decline to 26.5 million metric tons (MMT) in 2023/24 on lower output and weaker demand from key destination markets. Post revised down 2023/24 palm oil production to 45.6 MMT as 2023’s El Nino led to much lower yields than previously anticipated. Indonesia 2023/24 soybean production is also revised down to 360,000 metric tons on reduced government assistance for soybean production. Post revises 2023/24 soybean meal imports down to 5.65 MMT on weak demand from the poultry feed industry.

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