USDA сuts Indonesia’s palm oil export forecast for 2024/25 season

tonnes the previous year, due to expectations of higher yields due to favorable weather and adequate fertilizer application. In Indonesia, the biodiesel industry has increased domestic palm oil consumption over the past decade. In early 2025, biodiesel was increased from 35% to 40% (B40) with an annual volume of 15.6 billion liters. By May 2025, biodiesel supplies under the Advanced Blending Program had been established and reached 5.85 billion liters, or 38% of annual palm oil production. The USDA maintained its estimates for industrial palm oil use at 14.7 million tonnes and 14.9 million tonnes for 2024/25 and 2025/26, respectively. Its forecast for food industry palm oil use was unchanged at 7.4 million tonnes in 2025/26, up 1% from 2024/25, due to continued demand. The ministry also left its forecast for Indonesia’s palm oil exports unchanged at 24 million tonnes in 2025/26, up 5% from its earlier revised estimate of 22.8 million tonnes for 2024/25, which was lowered due to ...