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USDA attache sees record-high Indonesia palm oil output in 2021/22
calendar22-03-2021 | linkwww.agriculture.com | Share This Post:

19.03.2021 (www.agriculture.com) - March 19 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Jakarta:

"Favorable weather, increased use of fertilizer, and surging prices are expected to push Indonesia's palm oil production and exports to record highs 2021/22. As the economy rebounds and social distancing and travel restrictions are eased, soybean and soybean meal imports are forecast upward on increasing demand for tempeh, tofu, and poultry meat in the food service sector."

To read the full report, click: https://bit.ly/3c0n8dU

(Reporting by Julie Ingwersen in Chicago Editing by Sonya Hepinstall)

https://www.agriculture.com/markets/newswire/usda-attache-sees-record-high-indonesia-palm-oil-output-in-202122