Butter import quota reduced for the first time. Ministry of Agriculture, Forestry and Fisheries encourages inventory increase due to sluggish commercial use

Published 2020년 9월 26일

Tridge summary

The Ministry of Fisheries in Indonesia has announced a reduction in the country's butter import quota for 2020 by 6,000 tons, setting the quota at 14,000 tons. This is the first setment of national trade quota for dairy products since 2005. The decision was made due to the accumulation of domestic inventory, which exceeds demand by 2.5 times. The ministry is encouraging consumers to switch to domestic or imported products, and assures stable supply during peak demand periods. The reduction in import quota is due to a decrease in demand for commercial milk and fresh cream during the COVID-19 pandemic, which led to an increase in butter and non-fat dry milk powder production.

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

Original content

Ministry of Fisheries 25 announced that it will reduce the import quota for butter in 2020 by 6000 tons from the initial plan in January to 14,000 tons. Based on the fact that it is accumulating. Butter import quota reduction, dairy product import national trade quota was set for the first time since 2005. The ministry will urge actual consumers to switch to imported products or domestic products. It increased by 41% from the previous year to 39,000 tons, which greatly exceeds the appropriate demand for 2.5 months from 22,000 to 23,000 tons. As of May, the import quota was initially planned to be 20,000 tons. However, domestic inventory has not been exhausted since then. Since 12,000 tons have already been bid by September, the focus was on handling the remaining 8,000 tons, but this time the quota was reduced. The ministry also said that even if the quota is reduced, it will be stably supplied during the peak demand period at the end of the year. "We will encourage actual ...

Source: 日本農業新聞