Indonesia: Bapanas optimizes food absorption to prevent the impact of global unrest

Market & Price Trends
Innovation & Technology
Published Apr 20, 2024

Tridge summary

In response to the impact of global geopolitical conflicts, such as the ongoing tensions between Iran and Israel and the Russia-Ukraine conflict, Indonesia's National Food Agency (Bapanas), under the leadership of Arief Prasetyo Adi, is prioritizing the use of domestically produced food to ensure national food security without increasing the subsidy budget. The agency has implemented strategies including adjusting the government purchase price for rice to benefit farmers and stopping corn imports to promote the use of local corn for livestock feed. Additionally, Bapanas is advocating for regional governments to employ budgetary and fiscal policies to facilitate food supply security through inter-regional cooperation, aiming to mitigate the adverse effects of global conflicts on Indonesia's food sector.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

REPUBLIKA.CO.ID, JAKARTA -- Head of the National Food Agency (Bapanas) Arief Prasetyo Adi said that Bapanas is trying to optimize the absorption of domestically produced food to prevent the impact of global geopolitical turmoil on the Indonesian economy, especially in the food sector. "No one thought that Iran would use drones to attack (Israel). No one thought that the conflict between Russia and Ukraine would last that long. So the solution is that we need government reserves. The solution is that we need to prepare post-harvest to support what Mr. Amran is doing ( Minister of Agriculture) is my friend," said Arief during the halalbihalal break with media crew in Jakarta, yesterday. Arief said this in response to questions from media crew regarding Bapanas' steps in ensuring the availability of domestic food supplies amidst the conflict between Iran and Israel. Arief also said that there would be no additional subsidy budget due to the increase in food prices. However, Bapanas ...
Source: Republika
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