Indonesian palm oil production to grow by 5% in 2023

Published 2023년 10월 3일

Tridge summary

The Indonesian Palm Oil Association (GAPKI) predicts a 5% increase in palm oil production in the country this year, with stocks expected to reach around 3.2 million tonnes by the end of the year. GAPKI also estimates that by 2023, crude palm oil production will reach 49 million tonnes and plans to produce 4.7 million tonnes of palm kernel oil. Production is continuing despite the expected delay in this year's harvest caused by the El Niño weather phenomenon. Indonesia currently holds 3.13 million tonnes of palm oil reserves.

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Original content

The Indonesian Palm Oil Association (GAPKI) expects the country's production of the product to increase 5% this year and expects stocks to be around 3.2 million tonnes by the end of the year, Secretary-General M. Hadi Sugeng told reporters on Tuesday. GAPKI estimates that crude palm oil production will reach 49 million tonnes by 2023. Indonesia also plans to produce 4.7 million tons of palm kernel oil. According to Hadi, production is being carried out by growing seeds despite the expectation of a delay in this year's harvest caused by ...

Source: Oilworld