On-the-Ground Updates

In W48 Indonesian Importers Began Planning for 2023 Dairy Imports

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Indonesia

Regulation & Compliances

Market & Price Trends

Agung Sugiarto

Published Nov 30, 2022

During W48, importers in Indonesia have begun planning for dairy imports in 2023, and in mid-December 2022 their quota will be issued by the government.
Dairy cheese consumption from Australia and Europe has decreased due to exchange rates, and the Indonesian rupiah has weakened about 8-9% up to IDR 15,700 for USD 1 in the last two quarters, hence putting more pressure on importers. Although they fear a recession in the upcoming 2023, importers plan to maintain their status as dairy product importers and suppliers.

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