Indonesia expects a weak to moderate El-Nino phenomenon to arrive during the October to December 2014 period. Crude Palm Oil (CPO) and soybean production are expected to remain stable throughout marketing year (MY) 2013/2014, with delayed effects to CPO production possibly occurring in MY 2014/2015. Historical data suggests that Indonesian CPO production may remain unchanged despite El-Nino. Changes in Indonesia’s domestic palm oil consumption estimates may occur if Indonesia does not meet its national biodiesel target this year.
