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Jakarta Post

Logistics agency to control more commodities

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Tue, August 7 2012   /  08:28 am

Susilo Bambang Yuhoyono: JP/Ricky YudhistiraPresident Susilo Bambang Yu-dhoyono said on Monday that the government would allow the State Logistics Agency (Bulog) to control the price of commodities other than rice.

“I have made my decision, Bulog will be revitalized. We will give it concrete functions so that it can carry out its duty as a price stabilizer,” Yudhoyono said after a limited Cabinet meeting at the Agriculture Ministry.

The President said there had not been a final decision yet on the list commodities that Bulog would control, but hinted that there the supplies of five commodities — rice, sugar, corn, meat and soy — should be secured.

Yudhoyono said the plan to “revitalize” Bulog, which had been in the pipeline for almost four years, started with the soaring crude oil and commodity prices in 2008. The recent spike in imported soybean prices h...