Total 2013
Indonesia's Palm Oil Exports
(in million metric tons)
    1.87      2.04       3.91

Last year, Malaysia's benchmark palm oil price dropped by about 30 percent. Analysts pose that the path to palm oil price recovery is going to be a long and volatile one.

Palm oil is one of the most produced and consumed oils in the world. Indonesia and Malaysia, that together account for 85 to 90 percent of total global palm oil production, dominate this industry. Indonesia is currently the largest producer and exporter of palm oil. Few Indonesian industries have shown such robust growth as the palm oil industry during the last 15 years. This growth is visible in the country's production and export numbers as well as in the quantity of its palm oil estate area. Driven by increased global demand and higher yields, palm oil cultivation has been expanded significantly by Indonesian farmers and conglomerates (at the expense of the environment and production numbers of other agricultural products as farmers switch to palm oil plantation).