2018/19 Indonesian palm oil production will increase to 40.5 million tons

- Mar 25, 2018 -

WASHINGTON, March 22 (CNN)--Indonesia's palm oil production is expected to reach 40.5 million tonnes in the year 2018/19, up from 38.5 million tonnes in 2017/18, according to the latest Counsellor's report released by USDA's Overseas Agriculture Bureau.

Counsellor expects Indonesia's palm oil exports and inventories to increase. Counsellor also expects Indonesia's soybean imports to increase slightly to 2.85 million tonnes in 2018/19.

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