Tridge summary
Indonesia experienced a significant surge in sugar imports in January 2023, with a 71.64% increase compared to December 2022 and a 6.12% increase compared to January 2022. The Central Statistics Agency reported that Thailand was the primary supplier, contributing 79.3% of the total imports. The Ministry of Trade set the sugar import quota for 2023 at 500 thousand tons. The country's sugar consumption for the year is projected to be 3,401,521 tons, with initial stocks recorded at 1,110,517 tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Jakarta, CNBC Indonesia - Sugar imports in January 2023 experienced a surge. The Central Statistics Agency (BPS) recorded that this increase in sugar imports occurred both in January 2022 and December 2022. Quoting data on imports of certain food commodities from BPS, imports of sugar at the beginning of this year were 537.06 million kilograms, up 6.12% compared to January 2022 which were 506.07 kilograms. Meanwhile, when compared to December 2022 which was 312.89 million kilograms, sugar imports in January 2023 had increased by as much as 71.64%. Based on the country of origin, most of Indonesia's sugar imports that month came from Thailand, amounting to 414.55 million kilograms. Up 50.53% compared to January 2022 (yoy) which was 275.39 million kilograms. Meanwhile, compared to the realization of sugar imports from Thailand in December 2022 of 312.89 million kilograms, imports in January 2023 rose to 11,415.28% (mtm). Afterwards it was obtained from Australia as much as 79 ...
Source: Cnbcindonesia
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