Report Highlight:

Indonesian palm oil production is expected to benefit from favorable weather conditions in the upcoming months, fueling production increases. Based on favorable weather conditions, Post maintains its Indonesian palm oil production estimate at 36.5 MMT in MY 2017/18 and 34 MMT in MY 2016/17. January-May 2017 Indonesian palm oil product exports were 29 percent higher than the corresponding period in 2016. 2016/17 exports are thus revised up to 25.5 MMT and 2017/18 exports are revised to 26.5 MMT. Post revises MY 2016/17 soybean imports up to 2.37 MMT based on increased imports in advance of the Ramadan period. The MY 2017/18 estimate remains unchanged at 2.45 MMT.

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