Tridge summary
Indonesia is the largest importer of sugar in the world, with predicted imports of 5.8 million tons in 2022/2023. The country's heavy reliance on sugar imports exposes it to risks such as high international prices and potential export restrictions from sugar-producing countries. To address this, the Head of the National Food Agency plans to focus on developing domestic agriculture to reduce reliance on imports and stabilize domestic sugar prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - Indonesia is the largest sugar importer in the world. Data from the US Department of Agriculture (USDA) shows that Indonesia's sugar imports in 2022/2023 will reach 5.8 million tons, up from 2021/2022 which reached 5.46 million tons. Indonesia is in first place as the world's sugar importer, followed by China which imported 4.4 million tons in the 2022/20223 period. This year, Indonesia is predicted to import around 5.6 million tons. Where, this volume is imports of raw sugar, both for consumption and refined, as well as imports of consumption sugar assigned by the government. Head of the National Food Agency (Bapanas) Arief Prasetyo Adi mentioned a number of dangers that Indonesia could experience if it continued to rely on sugar imports from abroad. First, when international sugar prices are high, this will affect domestic sugar prices. Not to mention if there are sugar producing countries that close their export taps, so that Indonesia cannot be ...
Source: Cnbcindonesia
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