• Where does Vietnam import palm oil?
  • The main destinations of Vietnam exports on Palm Oil were Cambodia ($104M), Laos ($1.75M), Hong Kong ($106k), South Korea ($99.9k), and Malaysia ($64.6k). In 2022, Vietnam imported $1.14B in Palm Oil, mainly from Indonesia ($764M), Malaysia ($378M), Singapore ($620k), Thailand ($104k), and United States ($15.5k).
  • How to expand palm oil production in Vietnam?
  • The investors plan to expand palm oil production in Bac Lieu, Kien Giang by increasing the plantation area by up to 10,000 ha. In Vietnam, vegetable oil is mainly produced from copra, soy bean, peanut and sesame.
  • Does South Korea produce unsustainable palm oil in Indonesia?
  • Based on this data, South Korean growers¡¯ annual production of ¡°leakage palm oil,¡± i.e. unsustainable palm oil, in Indonesia totals 710,000 MT. None of these South Korean oil palm growers have implemented NDPE policies to date.
  • Which Indonesian refiners are most reliant on leakage palm oil & Pfad?
  • Salim Group, Tumas Baru Lampung and Wings Groups are among the five largest leakage refiners of Indonesia and Malaysia. AK Holdings, JC Chemical, and SK Eco Prime are most reliant on leakage palm oil and PFAD from Indonesia, sourcing 64 percent, 40 percent, and 33 percent respectively from non-NDPE suppliers.
  • Who imports Indonesian palm oil?
  • Indonesian palm oil export data points to a total of 272,970 MT of palm oil exported by Indonesia in 2019 that were ultimately bought by 32 South Korean companies. Only five of them imported 78 percent (212,415 MT) of the 2019 figure (Figure 7). Likewise, in H1 2020, these five South Korean companies remain the top importers of Indonesian palm oil.
  • How much palm oil does Korindo produce a year?
  • With an estimated oil yield of 4-5 MT per ha and an estimated planted area of 79,808 ha (concession area minus stranded land of 53,318 ha), palm oil from Korindo would at least add another 300,000 MT. Based on this data, South Korean growers¡¯ annual production of ¡°leakage palm oil,¡± i.e. unsustainable palm oil, in Indonesia totals 710,000 MT.