Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/07/2013
Policy Category
Stocks
Policy Instrument
State reserves
Description
Agreed to resume State purchases with a view to stabilize domestic prices of soy-food products.
Notes
INDONESIA – public soy reserves: In line with past government announcements, the state-run Board of Logistics (BULOG) is ready to resume soybean imports and establish strategic reserves with a view to stabilize domestic prices of soy-food products (see also MPPU Nov.’12). Reportedly, BULOG has signed a first contract with the national cooperative of tempeh and tofu producers (GAKOPTI), which will allow members of the cooperative to buy soybeans from BULOG at IDR 7 450 per kg.