Indonesia 2022/23 palm oil consumption is expected to rise to 19.4 million metric tons (MMT) on increased use for biodiesel production, as the Government of Indonesia (GOI) rolls out higher blending rates for its 2023 mandatory biodiesel blending program. The GOI is considering extending its soybean subsidy program into 2023, which would continue to impact the soybean market.
East Asia and the Pacific, Indonesia
Oilseeds, Soybeans, Vegetable Oils (excl. soybean)
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Global Agricultural Information Network (GAIN)
Insight and analysis from FAS's overseas offices on issues affecting agricultural production and trade.
Original source can be found here.
