Production:

Copra meal (CM) production levels are determined by milled copra production. As Indonesia is expected to process 1.6 MMT of copra in MY 2014/15 and MY 2015/16, CM production is expected to reach 520 thousand MT in MY 2014/15 and 2015/16.

Consumption:

Indonesian CM is mainly used as a feed ingredient. Domestic consumption is fixed at 250 thousand MT based on flat production levels.

Trade:

2013/14 exports are set at 254 thousand MT, based on final trade data. 2014/15 and 2015/16 exports are expected to remain constant at 250 thousand MT, based on flat production and consumption. Post notes that despite large declines in the domestic beef herd, a growing dairy industry may offset falling CM feed consumption, leaving domestic consumption levels stable.

Stocks:

Stocks are set to increase marginally due to unchanging consumption and trade. 2015/16 is thus set to rise to 48 thousand MT over the 2014/15 level of 28 thousand MT.

Production, Supply and Demand Data Statistic

Meal, Copra

2013/2014

2014/2015

2015/2016

Market Begin Year

Oct-13

Oct-14

Oct-15

Indonesia

USDA Official

New Post

USDA Official

New Post

USDA Official

New Post

Crush

1,562

1,560

1,558

1,565

0

1,580

Extr. Rate, 999.9999

0.3259

0.3263

0.3273

0.3323

0.0000

0.3291

Beginning Stocks

3

3

3

8

0

28

Production

509

509

510

520

0

520

MY Imports

0

0

0

0

0

0

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

512

512

513

528

0

548

MY Exports

254

254

300

250

0

250

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

0

0

0

0

0

0

Feed Waste Dom. Cons.

255

250

210

250

0

250

Total Dom. Cons.

255

250

210

250

0

250

Ending Stocks

3

8

3

28

0

48

Total Distribution

512

512

513

528

0

548

CY Imports

0

0

0

0

0

0

CY Imp. from U.S.

0

0

0

0

0

0

CY Exports

250

256

275

250

0

0

CY Exp. to U.S.

0

0

0

0

0

0

SME

115

113

95

113

0

113

TS=TD

0

0

0

0

0

0