JAKARTA – United States Agriculture Bureau estimated, Indonesian palm oil stocks will have the highest numbers because the government of Indonesia pushes to increase biodiesel usage and the press of global vegetable oil price.
The availability of Indonesian palm oil, as Agrimoney reported, Thursday (26/3) is estimated to increase more than 63% in 2015 / 2016 which starts from next October. The stocks could be 3,574 millions of tons. Beside that the production is predicted to increase 2,0millions of ton up to 3,5 millions of tons ton.
“The local consumption will not be possible to be as same as Indonesian production and this indicates, the share will keep increasing,” he said in Jakarta. (T3)
