Indonesia’s CPO Production Is Expected to Remain Similar to 2022, but Prices Will Not Be Affected Due to Malaysia’s Recovery

Indonesia's production volume of Crude Palm Oil (CPO) is expected to be slightly lower this 2023 compared to 2022 due to various factors, including weather conditions and large plantations undergoing replanting, have not reached their productive stage. However, the impact on prices is predicted to be minimal as neighboring Malaysia has experienced a recovery in production. In 2022, Indonesia produced 46.729MMT of CPO, slightly lower than the 46.888MMT produced in 2021. For 2023, a decrease of around 1% to 2% is projected compared to 2022.