The prolonged Iran war has mixed implications for Indonesia’s palm oil exports. On the positive side, crude palm oil (CPO) prices have risen, with CIF Rotterdam reaching US$1,510 per ton in March 2025, compared to the average of around US$1,200 per ton. Analysts suggest prices could climb to US$1,300–1,400 per ton, in line with other vegetable oils. This benefits Indonesia, the world’s largest palm oil supplier, whose exports reached 32.34 million tons worth US$35.87 billion (≈ IDR 575 trillion) in 2025. China remains the top buyer, importing nearly 6 million tons worth US$6.76 billion (≈ IDR 108 trillion), followed by India and Pakistan. On the negative side, the conflict has driven up logistics and insurance costs by as much as 50%, according to the Indonesian Palm Oil Producer Association (Gapki). If fighting continues beyond three months, importing countries may reduce purchases, hurting Indonesia’s export performance despite strong demand from China, India, Pakistan, and Bangladesh. While the war has not directly disrupted these markets, higher shipping costs and uncertainty could erode Indonesia’s competitive edge, even as Malaysian CPO futures hover around RM4,432 per ton.Source: https://jakartaglobe.id/business/iran-war-indonesian-palm-oil-price-to-rise-but-importers-might-hold-back (ICE GIACARTA)

Fonte notizia: Jakarta Globe, 27 March 2026