Indonesia Produced 31 Million Tonnes of Palm Oil in 2014

Date: 2015-08-13

Palm oil is the largest category of vegetable oil produced globally followed by soybean oil. Globally most of the palm oil is produced in Asia, Africa and South America because of the suitable weather conditions in these areas.

The global consumption of palm oil has grown consistently at approximately 7% per annum for the last two decades. The global demand has been growing substantially boosted by the rising consumption in emerging Asian economies primarily India and China.

Indonesia is the largest palm oil producer in the world followed by Malaysia and Thailand. Indonesia and Malaysia together account for over 85% of the world supply of palm oil. Indonesia produced 31 million tonnes of palm oil in 2014 and in 2015 the country’s production is expected to experience limited growth due to bad weather conditions coupled with the fact that old trees have become unproductive and younger trees have not yet attained the optimal production age.

The report ‘Indonesia Palm Oil Industry Analysis’highlightsthe key dynamics ofIndonesia’s palm oil sector. The potential of the sector has been investigated along with key challenges.The current market scenario and future prospects of the sector has also been studied.The report contains latest verbatim of industry experts.

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Joanna | Executive – International
Business and partner Relations

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