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.
Where does Indonesia import soybean oil?
Imports In 2022, Indonesia imported $66.8M in Soybean Oil, becoming the 47th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 427th most imported product in Indonesia. Indonesia imports Soybean Oil primarily from: Malaysia ($28.4M), Thailand ($26.4M), Brazil ($5.54M), Australia ($2.76M), and Singapore ($2.15M).
How does land area affect soybean production in Indonesia?
Based on the analysis results obtained an R-square value of 0.710, it shows that the total soybean production in Indonesia since 1994 to 2019 is influenced by land area, price, and consumption level of 71 %. Land area, price, and level of consumption simultaneously affect total production with a calculated F value of 17.969.
How much does Indonesia Soyabean oil cost?
In 2025, the approximate wholesale price range for Indonesia soyabean oil is between US$ 5.47 and US$ 6.20 per kilogram or between US$ 2.48 and US$ 2.81 per pound (lb). Are you searching for Indonesia soyabean oil to purchase? Request our sourcing service for premium bulk Indonesia soyabean oil.
Does Indonesia produce soybean meal?
3,044 Indonesia does not produce soybean meal. Post revised up soybean meal use for feed to 5.65 MMT for 2022/23 on the expected improved performance of the feed industry, driven by recovered poultry meat consumption and lower soybean meal prices.
Which country exports soybean oil in 2022?
Exports In 2022, Indonesia exported $111M in Soybean Oil, making it the 24th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 248th most exported product in Indonesia.