The first forecast for the 2022/23 season Indonesian palm oil exports declined, and the production of oilseed and vegetable oil globally

Published 2022년 5월 13일

Tridge summary

Indonesian palm oil exports have reached a 12-year low of 25.0 million tons for the 2021/22 marketing year, a decrease of 3.0 million tons, due to a slow export pace and regulations imposed by the Indonesian government. In contrast, Kazakhstan's soybean and soybean oil production is expected to surpass 200,000 tons for the tenth year in a row, with about 10-20 percent of production being exported primarily to Uzbekistan, China, and Sweden. Soymbean production is projected to play a significant role in the global oilseed market, which is expected to see an 8% increase in production and a 3% increase in consumption in 2022/23, largely driven by China's demand for soybeans.

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Original content

Indonesian palm oil exports down For the 2021/22 marketing year (October to September), Indonesian palm oil exports are down 3.0 million tons this month to a 12-year low of 25.0 million tons. Forecast lowered due to slow pace of Indonesian exports during the first 6 months of 2021/22 MY and various measures in the field of regulation of palm oil exports in force since November 2021 oilworld.ru reports with reference to the USDA The Indonesian government has imposed a ban on the export of palm oil 28 April 2022, industry sources expect it to be short-lived and therefore have a limited impact on trading. Cumulative shipments from October 2021 to March 2022 are down over 30 percent from the same period in 2020/21. Exports fell sharply after the increase in export taxes in November 2021. The slowdown in shipments is expected to continue into May as Indonesia continues its restrictive export policy. Higher export rates are expected for the remainder of the marketing year. The current ...

Source: Oilworld