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Jakarta Post

Special Report: Slowdown jolts RI's commodity-heavy economy

  • The Jakarta Post

  /   Fri, November 14 2008   /  11:04 am

The Indonesian economy has been generating lucrative profits from the soaring prices of agricultural commodities during the last two years. Following increasing dependency on this business, the recent slump in commodity prices has severely impacted on the economy. The Jakarta Post business section features a special report on commodity sector problems. Here are the stories:   For seasonal farmer Alex Sinaga of Tanjungjabung Barat regency, Jambi, the world is tumbling down around his ears after knowing that his October revenue has dropped by a factor of 10 times following the plummeting global prices for palm oil. Having previously enjoyed a monthly income of Rp 5 million (US$434 million), six times higher than a university-graduate civil servant in his province, Alex now has to end his shopping spree earlier than expected. In Jambi, fresh oil palm...