Indonesia is home to wide lands that are being used for a variety of plantations, one of them being palm oil. PT. SMART Tbk. is an example of a large firm in the industry, producing 4.2 million tons of crude palm oil per year.
When will Indonesia produce palm oil?
This crop is forecast on an October to September marketing year, with October 2010 being the first month of the new production season. (For more information, Michael Shean at 202-720-7366.) Indonesia’s 2010/11 palm oil production is forecast at a record 24.5 million tons, up 3.0 million or 14 percent from last year.
How big is Indonesia’s palm oil production?
Mature palm area is currently estimated at 5.9 million hectares, out of the total estimated palm area of about 8.0 million. The Indonesian government reports that it is committed to sustainable palm oil production, and intends to double palm oil production capacity to 40.0 million tons over the next ten years.
Will Indonesian palm oil production escalate in 2023?
Indonesian Palm Oil Association (IPOA) predicted palm oil production this year would be escalating 4,87% year on year to be 53,8 million tons but IPOA might forget that in 2023 there was a very long drought. It would have something to do with the 2024 production.