Indonesia's palm oil production will reach 7.2 million tons in 2001

OA show ('918 '); [Indonesia's palm oil production will reach 7.2 million tons in 2001] according to the prediction of Indonesian palm oil producers association, Indonesia's palm oil production will increase by 10% to 7.2 million tons in 2001 The export is 4.2 million tons, and the domestic demand is 3-3.5 million tons Analysts at the association said that without some impediments, production would be higher this year In 1997, Indonesia's palm planting area expanded by nearly 12% and increased by almost 11% in 1998 Only in 1999, due to social problems and economic downturn, the area decreased by 6.7% The palm oil trees planted in 1997 will bear fruit this year However, due to the high cost of fertilizer and low price of palm oil, the overall increase of palm oil production will be slowed down At the same time, the economic downturn will affect the construction of some new palm oil plants The existing oil plants are exhausted in the face of the new raw material supply, and the production delay will lead to the loss of production Domestic demand has been further expanded by increased consumption of cooking oil, which currently uses 100% palm oil, compared with 70% in 1995 In addition, dry weather is expected to reduce production from March to June, during which palm oil prices may rise M2w (author:)