INDONESIAN PALM OIL OUTLOOK 2016
53
VIEWS
by Mohd Izham Hassan
Indonesia is the world’s largest producer and exporter of crude palm oil. As such, the commodity is a key foreign exchange earner, significantly contributing to tax income as well as local welfare. In January this year, Indonesia forecast their palm oil production at 33.5 million MT but this is not likely to be achieved in view of the strong El Nino which affected production.

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