line for the production of soybean oil in indonesia

                                               
                                               
                                               
                                               
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  • How much soybean oil does Indonesia eat a year?
  • Indonesia's soybean oil consumption is expected to reach 520,000 metric tons by 2026, up from 503,000 metric tons in 2021. This is an average yearly increase of 0.5%. Since 2017, Indonesian demand has grown at a rate of 0.4% annually. In 2021, Indonesia was the seventh-largest consumer, overtaken by Mexico, which consumed 503,000 metric tons.‌
  • Where does Indonesia import soybean oil?
  • Imports In 2023, Indonesia imported $44.8M in Soybean Oil, becoming the 46th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 490th most imported product in Indonesia. Indonesia imports Soybean Oil primarily from: Malaysia ($21.3M), Thailand ($15.7M), Australia ($3.25M), Singapore ($1.74M), and India ($1.36M).‌
  • What is the forecast for Indonesia soybean production in 2022/23?
  • Post maintains its 2022/23 Indonesia soybean production forecast at 390,000 MT, a decrease of 35,000 MT from 2021/22 on lower yields due to flooding caused by earlier-than-expected rainfall on Java island (see ID2022-0036). Indonesia soybean consumption is expected to reach 2.86 MMT in 2022/23, unchanged from the previous estimate.‌
  • How many MT of soybeans did Indonesia import in 2022/23?
  • In the first two months of 2022/23, soybean imports reached 281,000 MT, almost on par with the same period of the previous year. The U.S. is expected to remain Indonesia’s main supplier of soybeans in 2022/23, as the tempeh industry requires consistent supply and specifications suitable for fermented soy food production.‌
  • Which country exports soybean oil in 2023?
  • Exports In 2023, Indonesia exported $73.4M in Soybean Oil, making it the 28th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 300th most exported product in Indonesia.‌
  • Will the US be Indonesia's main supplier of soybeans in 2022/23?
  • The U.S. is expected to remain Indonesia’s main supplier of soybeans in 2022/23, as the tempeh industry requires consistent supply and specifications suitable for fermented soy food production. As of late January 2023, the GOI is still reviewing the possible extension of its Soybean Subsidy Program.