Core Viewpoint - The Indonesian palm oil industry has shown strong growth in the first eight months of the year, with both production and export values increasing significantly [1] Production and Export Performance - From January to August, the cumulative production of crude palm oil and palm kernel oil reached 39.04 million tons, a year-on-year increase of approximately 13% compared to 34.52 million tons in the same period last year [1] - The growth in production is attributed to improved plantation efficiency, strong demand for biodiesel, and robust export performance [1] Domestic Consumption and Export Trends - In August, domestic palm oil consumption rose to 2.1 million tons, with the energy sector making a significant contribution; biodiesel consumption increased by 5.71% year-on-year, reaching 1.11 million tons [1] - Although palm oil exports in August slightly decreased by 1.81% from July to 3.47 million tons, the export value increased by 3.5% month-on-month to $3.82 billion, with an average export price of $1,204 per ton [1] - Cumulatively, from January to August, Indonesia's palm oil export value reached $24.78 billion, a substantial year-on-year increase of nearly 43% [1] Future Outlook - GAPKI anticipates that with the continued recovery in global demand and sustained high prices, the Indonesian palm oil industry is expected to maintain a steady growth momentum, with annual export value potentially exceeding $30 billion [1]