Indonesia's contribution to the big world's palm oil production

RBD Palm Oil

Indonesia

Published Nov 24, 2022

Tridge summary

Indonesia has an important role in the palm oil industry. The Council of Palm Oil Producing Countries (CPOPC) noted that the production of crude palm oil (CPO) in the 2022-2023 period was 79.16 million tonnes. Indonesia contributes around 58%, equivalent to 46.5 million tonnes, to the world's total supply of palm oil. The total production of palm oil is more than the supply of other main vegetable oils, such as sunflower seeds which contributed 20.14 million tons, rapeseed 31.53 million tons) and soybeans 61.9 million metric tons. Overall, the US Department of Agriculture (USDA) predicts that global vegetable oil production in 2022-2023 will be 219.8 million tons. This amount increased by 8.3 million tons compared to the previous harvest year.

Original content

Reporter: Avanty Nurdiana | Editor: Avanty Nurdiana KONTAN.CO.ID - JAKARTA. Indonesia has an important role in the palm oil industry. The Council of Palm Oil Producing Countries (CPOPC) noted that the production of palm oil alias crude palm oil (CPO) in the 2022-2023 period was 79.16 million tonnes. Indonesia contributes around 58%, equivalent to 46.5 million tonnes, to the world's total supply of palm oil. The total production of palm oil is more than the supply of other main vegetable oils, such as from sunflower seeds which contributed 20.14 million tons, rapeseed 31.53 million tons) and soybeans 61.9 million metric tons. Overall, the US Department of Agriculture (USDA) predicts that global vegetable oil production in 2022-2023 will be 219.8 million tons. This amount increased by 8.3 million tons compared to the previous harvest year. The USDA hopes this production will cover demand estimated at 213.6 million tons in the current harvest year. Deputy Director of the Institute ...

Source: Kontan