in Indonesia, sugar imports still taste sweet before Ramadan

Sugar

Indonesia

Published Mar 17, 2023

Tridge summary

Jakarta, CNBC Indonesia - Ramadhan 1444 H falls at the end of March. Generally, the demand for several commodities increases ahead of Ramadan, including the demand for sugar commodities. This can be seen from the still high volume of sugar imports in February 2023 which reached 413 million kilograms. Nevertheless, sugar imports in February have shown a pattern of decreasing on a monthly basis. The volume of imports in that month decreased significantly when compared to the previous month which reached 537 million kilograms. Based on the country of origin, most of Indonesia's sugar imports in February came from Thailand, amounting to 220.75 million kilograms. This figure decreased by about half when compared to the previous month which reached 414.55 million kilograms. Furthermore, India became the second supplier of imported sugar to Indonesia. From India, 142.79 million kilograms of sugar were imported.

Original content

This figure is a significant increase compared to the previous month which only amounted to 43.51 million kilograms. Then, in third place, Indonesia's imported sugar came from Australia as much as 50 million kilograms, this amount also decreased from the previous which reached 79 million kilograms. Previously, the Minister of Trade (Mendag) Zulkifli Hasan (Zulhas) had given sugar import quotas for 2023. Namely, white crystal sugar (GKP) for consumption, as well as raw sugar for refinement and has been included in the Commodity Balance in 2023. "Yesterday, (quota) for imported sugar was 500 thousand tons, approximately 300 thousand tons were carried out, 200 thousand tons were not implemented, we will penalize that later," said Zulhas, late last year. Meanwhile, the details of consumption sugar ...

Source: Cnbcindonesia