According to the price of crude palm oil and the demand for crude palm oil which tends to decrease. In addition, oil palm production tends to grow at a low level. EIC expects that the price of crude palm oil in 2023 will decrease by 25.8%YOY. In addition, we must also keep an eye on risks from uncertainty. of government policy regarding alternative energy and the crude palm oil export policy of the main exporter, Indonesia. The agricultural industry in 2023 faces many challenges. In addition, the growth of the agricultural industry in 2023 and beyond. Still have to face • Uncertainty of economic conditions and agricultural policies of trading partner/competitor countries In the past The global economic situation is becoming more uncertain. from unexpected events that continuously occur.
The agricultural policies of various countries are also becoming Phone Number List more uncertain. which such situation This will cause the agricultural industry that depends on exports to the world market to face more volatility. • Climate change will make entrepreneurs who use agricultural products as raw materials Faced with more volatile operating results From both production costs and raw material quantities being highly uncertain • Policies and measures to promote the transition to a low carbon economy (Low carbon economy) ) such as international trade measures Collecting carbon taxes, etc., will cause the costs of operating agricultural businesses to increase as well. • Sustainability (Sustainability) It is one of the important trends in the world.
That will affect the agricultural industry In the future, consumers or downstream industries that use agricultural products as raw materials are more likely to choose products that come from sustainable production processes. EIC I think that Entrepreneurs in the agricultural industry need to adapt quickly to deal with these challenges and improve their competitiveness in the global market. whether it is preparing to deal with the high uncertainty of the economic situation; International trade regulations and barriers and various policies of partner countries/competitors, such as following up on various events that occur all over the world closely and regularly Exports are distributed to various export markets. and contingency plans are prepared for the possibility of various scenarios.