Tridge summary
The Indonesian government is planning to import 215 thousand tons of sugar to meet the country's demand, which is expected to reach 3.4 million tons in the January-December 2023 period, while domestic production is projected to be 2.6 million tons. The import will be handled by state-owned companies ID Food and PTPN, and is aimed at maintaining food supply and price stability during Ramadan and Eid al-Fitr. The sugar will be imported in stages and delivered to three ports across Indonesia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Hence, we have to cover the lack of supply with import. Jakarta (ANTARA) - The government will import 215 thousand tons of sugar to maintain the national supply and anticipate increased demand during the fasting month of Ramadan and Eid al-Fitr. Head of the National Food Agency (NFA) Arief Prasetyo noted in a statement here on Saturday that the import will be carried out by state-owned food enterprises: ID Food and plantation holding company PTPN. Adi said domestic sugar production during the January-December 2023 period is expected to reach 2.6 million tons, while demand during the same period is expected to reach 3.4 million tons. "Hence, we have to cover the lack of supply with imports. We are expediting this move of (sugar) provision from the foreign market to prevent scarcity because this year's fasting month and Eid will fall ahead of the sugar milling season," he elaborated . The State-Owned Enterprises Ministry has tasked the two companies with importing the ...
Source: Antaranews
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.