Oilseeds and Products Annual
ID2026-0013 – Indonesia’s 2026/27 palm oil production is forecast to rise 3 percent to 48 million metric tons, up from 46.7 million metric tons, driven by a wave of trees planted between 2021 and 2024 reaching maturity and the wider use of higher-yielding seed varieties. Soybean meal demand from the feed sector is expected to remain strong in 2026/27, although importers may experience significant uncertainty in 2025/26 under new government import policies. Lower coconut prices are also projected to improve copra mills’ utilization rates in 2026/27.
Oilseeds and Products Update
ID2025-0045 – Post raises its forecast for soybean meal imports in 2025/26, driven by stronger poultry demand and increased requirements from the expanding Free Nutritious Meal (MBG) program. Soybean consumption is also projected to recover in 2025/26 following contracted use related to weak household consumption in early 2025. The Government of Indonesia (GOI) has reaffirmed its commitment to implement the B50 biodiesel mandate by mid-2026, despite recent plantation seizures that may impact production.
Oilseeds and Products Update
ID2025-0031 – Indonesia’s palm oil export estimate is revised down from the previous estimate to 22.8 MMT in 2024/25 due to the B40 mandate and reduced export demand. Soybean consumption is expected to remain flat at 2.8 MMT in 2024/25 amid weak consumer purchasing power. Lower prices encouraged imports of soybeans and soybean meal, but depreciation of the Indonesian Rupiah and weak demand slowed this trend.
Purr-Plexed in Indonesia on Pet Food
ID2025-0014 – In Indonesia, the pet food market (especially for cats) has seen remarkable growth, increasing 24.5 percent to reach $237 million in 2023. To gain insight into this promising product category amid reduced market share for U.S. pet food, FAS Jakarta partnered with Food Export Midwest/Northeast and a prominent consultant. The attached report includes an in-depth survey and market intelligence related to Indonesian pet food production, supply, distribution, and policy. In addition, while not directly analyzed in this report, FAS Jakarta also sees opportunities for exports of U.S. pet food ingredients, including corn, chicken meal, corn gluten meal, soybean meal, and fish meal to fuel the Indonesian pet food manufacturing industry.
Oilseeds and Products Update
ID2024-0048 – Indonesia’s B40 biodiesel blending mandate program, which is expected to roll out in 2025, is projected to increase palm oil use by 3 percent to 22 million metric tons in 2024/25. Soybean consumption recovered in 2023/24 as soybean retail prices continue to decrease. Weak performance in the feed mill industry reduced 2023/24 soybean meal use lower than previously expected. Due to lower prices, Indonesia’s imports of U.S. soybean meal rose an estimated 43 percent to 167,000 MT in 2023/24.
Oilseeds and Products Update
ID 2024 – 0022 – 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.
Oilseeds and Products Annual
ID2024-0004
Indonesia palm oil production is forecast to rise marginally to 47 million metric tons (MMT) in 2024/25 on expected recovery from extreme weather in 2023. The mandatory biodiesel program continues to absorb significant domestic palm oil consumption, limiting exportable volumes. Feed industry growth pushed soybean meal use up to 5.8 MMT in 2024/25.
Oilseeds and Products Update
ID2024-0003
Post revised down Indonesia palm oil exports estimate to 27.9 million metric ton (MMT) on lower supplies, higher domestic use and expected reduced export demand for 2023/24. Palm oil use for the biodiesel industry is revised down to 12.3 MMT for 2023/24 on lower-than-expected biodiesel distribution in 2023. Soybean meal use is estimated to increase 2 percent to 5.65 MMT in 2023/24 from the previous year on improved feed millers’ performance.
Oilseeds and Products Update
ID2023-0017
El-Nino weather patterns, which bring less rain than normal, are expected to peak in August to September 2023. Indonesia palm oil consumption is revised up slightly on higher use from the biodiesel industry for 2022/23. Weaker feed industry performance in the first half of 2023 is expected to curb soybean meal demand to 5.65 MMT in 2022/23.