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10 seaweed processing factories in Indonesia have stalled

Frozen Seaweed

Seafood

Indonesia

Price

Supply

Published Jun 25, 2024

Tridge summary

The Ministry of Industry in Indonesia is implementing a restructuring program for the seaweed industry in response to requests from regional governments. The program aims to continue the downstream plan as directed by President Joko Widodo and includes regulations on incentives and machine replacement. The restructuring comes as a result of the drop in seaweed prices, which has affected income sources for cultivators.

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

Original content

Jakarta, CNBC Indonesia - The Ministry of Industry (Kemenperin) admits that there are indeed a number of seaweed processing factories that have stalled and are not continuing production. This is in line with the request of the Regional Government (Pemda) to restructure the seaweed industry. Director General of Agroindustry at the Ministry of Industry (Kemenperin) Putu Juli Ardika said, in an effort to respond to this request, his party has started to restructure the seaweed industry, so that it can continue the downstream plan as instructed by President Joko Widodo (Jokowi). "Indeed, several regional governments have asked to restructure their industry, and we have responded with a restructuring program that we have now started," said Putu when met at the Jakarta Ministry of Industry Office, Tuesday (25/6/2024). Putu said that the planned seaweed industry restructuring program had been included in the harmonization of the Minister of Industry Regulations (Permenperin). Later, the ...

Source: Cnbcindonesia