Indonesia: Oilseeds and Products Update
Link to report:
El-Nino weather patterns, which bring less rain than normal, are expected to peak in August to September 2023. Indonesia palm oil consumption is revised up slightly on higher use from the biodiesel industry for 2022/23. Weaker feed industry performance in the first half of 2023 is expected to curb soybean meal demand to 5.65 MMT in 2022/23.