Tofu and tempeh are on the verge of becoming scarce; what is the state of Indonesian soybean imports

Published Feb 22, 2022

Tridge summary

Indonesia is facing concerns about its reliance on imported soybeans, particularly from the United States and Canada, as it makes up a significant portion of the country's animal feed supply, crucial for the production of tofu and tempeh. This concern is further compounded by China's reforms in its pig farming industry in the wake of the African swine fever outbreak, which is expected to increase the demand for soybeans. In 2021, Indonesia imported over 2.1 million tons of soybeans, with the monthly import figures fluctuating based on demand.

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

Original content

Jakarta, CNBC Indonesia - Indonesia is very dependent on imported soybeans. If the supply is hampered, it can disrupt the production of tofu and tempeh, which are foods for the general public in Indonesia. This is now a concern for the government. China is reportedly carrying out reform of pig farming after being devastated by the outbreak of African swine fever in mid-2018 and spreading across China in 2019. The epidemic has even attacked domestic pig farms. The reshuffle is estimated to require a large supply of soybeans, one of the raw materials for animal feed. If you look at the data from the Central Statistics Agency (BPS), Monday (21/2/2022), soybean imports in a year reach more than 2 million tons. During 2020 and 2021 alone, imports will reach 2.4 million tons. While on a monthly basis, the realization differs depending on the season and demand. As in December 2021, soybean imports ...

Source: Cnbcindonesia