This week's CropGPT podcast provides an update on the global palm oil market as of August 18, 2024:

In Malaysia, smallholder farmers play a crucial role in the palm oil industry, but face challenges like limited access to finance and technology. Efforts to support these farmers include the Tunjuk Ajar Nasihat Sawit program and advancements in mechanization and digital mapping. In the Philippines, plans to develop 800,000 hectares of oil palm plantations aim to reduce reliance on imports. India’s palm oil imports surged ahead of the festive season, contributing to port congestion. Indonesia is increasing its biodiesel blending mandate, which may affect palm oil supply. Thailand expects steady growth in palm oil production despite potential yield fluctuations.

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