Market participants expect domestic corn consumption of around 10 million-11 million mt for feed milling and wet milling. The surplus is expected to increase in the coming years as Indonesia laid out plans to increase corn production and yields using hybrid seeds, S&P Global previously reported.
How much does Indonesian corn cost?
The average market price for Indonesian corn at 15% moisture basis delivered to feed mills in West and East Java was heard around Rupiah 4,400/kg (28 cents/kg) in the week of Oct. 31, down 34% from the monthly high recorded in April 2022, according to market sources.
Does Indonesia export corn to Vietnam?
For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Indonesia has started exporting corn to Vietnam, the Philippines and Malaysia in the past few weeks, market sources said, following an approval from the Ministry of Agriculture for companies to export a total of 100,000 mt of corn.
Who is CDMI ¨C Indonesian oil palm & refinery Directory?
Viewing the dynamics of oil palm industry in the last several years, CDMI as a consultant company with expertise in data compilation is attracted to perform an investigation for six months towards oil palm companies in the country and finally succeeded in publishing a book with the title of Indonesian OIL PALM & REFINERY Directory, 2017.