Indonesia palm oil group says palm oil exports to US may fall due to tariffs
Palm oil products are among Indonesia's top exports to the United States.
If implemented, the tariff could lead to a 15 per cent-20 per cent drop in Indonesian palm oil shipments to the United States, which stood at an average of 2.25 million metric tons per year over the past three years, Hadi said.
Overall, Indonesia exported 29.5 million tons of palm oil products in 2024.
"The competitiveness of palm oil will decline against other vegetable oils such as soybean oil and rapeseed oil, especially if countries exporting these vegetable oils receive lower tariffs," he added.
Indonesian palm oil products, which account for 85 per cent of U.S. palm imports, may also lose market share to Malaysian palm oil, which faces a lower tariff.
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