The government will set soybean prices in Indonesia

Published 2022년 9월 19일

Tridge summary

The Indonesian government is set to establish a purchase price for local soybeans at Rp 10,000 per kg, a move that pleases farmers as long as seed productivity improves. This price is perceived to be profitable, provided the seeds yield at least 1.4 tons per hectare. However, farmers face challenges such as low seed productivity and lack of market access. To address these issues, the government is involving State-Owned Enterprises (SOEs) like Bulog and ID Food in soybean production and market absorption. A budget for Bulog to purchase soybeans will be provided by the Ministry of Finance through state-owned banks at low interest rates, aiming to boost domestic production and improve farmers' welfare.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

REPUBLIKA.CO.ID, JAKARTA -- The government will soon set the purchase price of local soybeans, which is estimated at Rp 10 thousand per kg. Farmers think that the price is already profitable. However, it all depends on the level of productivity of the seeds that can be produced. Soybean farmer from Sumedang, West Java, Tata Marongge, told Republika.co.id that the price of soybeans he last produced in June was purchased at Rp. 10,000 per kg by middlemen. However, the productivity level is less than 1 ton per hectare (ha). In other words, the income he earns is below Rp. 10 million and is not profitable. He became one of the recipients of free soybean seeds from the government. However, according to Tatat, the growth results from the seeds of government assistance are often not optimal. "If the price is Rp. 10 thousand per kg, for example the harvest can be 1.4 tons per ha, there is already a slight profit because with the help of seeds alone the capital is around Rp. 7 million to ...
Source: Republika

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.