60% imported feed ingredients, Indonesia can be threatened by the chicken doomsday?

Published 2022년 6월 18일

Tridge summary

Indonesia relies heavily on imported raw materials, primarily soybean meal, for animal feed production, which results in higher feed prices and increased production costs for farmers. The rising international logistics costs, including ocean freight and container rates, also contribute to the high prices. The Ministry of Trade is addressing the issue by coordinating with other ministries and agencies to address the dependence on food imports and the resulting high prices of basic foodstuffs. The article also mentions a chicken crisis in Singapore due to a chicken export lock by Malaysia and increased production costs and animal feed prices in the Philippines.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - General Chairman of the Association of Animal Feed Companies (GPMT) Desianto Budi Utomo said, Indonesia still has to rely on some raw materials for animal feed from imported supplies. Namely, the components needed to fulfill livestock protein. Therefore, it is recognized, will have an impact on the price of feed in the country. Which leads to the cost of production of farmers. "What is imported is mainly soybean meal, 100% imports because we don't produce it. It is a product of soybean oil extraction, for livestock protein. Not only Indonesia, the world also depends on imported soybean meal. Among them are from the United States (US) , Argentina and India," said Desianto to CNBC Indonesia, Friday (17/6/2022). As for energy sources such as grains, he said, domestic supplies are sufficient. "In volume terms, imported raw materials are only about 35% of the formula for producing animal feed. But, in value, the composition of the value can be 50-60% of the ...

Source: Cnbcindonesia