Despite the deceleration of Indonesia’s oil palm area expansion, Indonesia is expected to produce an additional 2.2 million metric tons (MMT) of palm oil, (combined crude palm oil (CPO) and palm kernel oil (PKO)), in marketing year (MY) 2014/2015. While the export demand may soften, overall demand is expected to be shored up by Indonesia’s biodiesel program. Indonesian soybean production is expected remain stable, and consumption growth will be met by imports. Animal feed production will continue growing at 6 percent per year, driving up soybean meal (SBM) imports to 3.65 MMT in MY 2014/2015.
