After holding steady throughout 2012, exports of Indonesian palm oil are expected to increase by as much as 9% in 2013, according to the Indonesian Palm Oil Association. The organization predicts that exports will increase from 16.5 million metric tons to as much as 18 million metric tons in 2013.
Indonesia and Malaysia lead the world in palm oil production at a time when demand is booming. However, environmental worries and a proposed Malaysian export tax cut are expected to be key issues at the Indonesian Palm Oil Conference beginning today.
About 14% of global palm oil is certified for sustainability, according to the Roundtable on Sustainable Palm Oil, and while countries such as Indonesia have remained skeptical, Unilever and other multinational companies are leading the charge. "Unilever will share its 2020 traceable palm oil vision and make a call to the industry to partner together to make 100 percent traceable certified palm oil a reality," said Cherie Tan of Unilever.