date:Jan 19, 2023
22 reached 33.7 million metric tons, with exports expected to fall to 26.42 million metric tons this year. However, domestic consumption might make up for some of the lost exports.
The EU forgets that Indonesia, apart from being a crude palm oil producer, is also the worlds largest consumer, says Gulat Manurung, chairman of the Indonesian Palm Oil Farmers Association.
Manurung calculates that raising the biofuel mixes will consume as much palm oil as all palm oil exports to the EU in a year f