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Jakarta Post

Sugar imports needed soon

  • Benget Besalicto ST

Jakarta   /   Sat, February 22 2020   /  01:42 am

Even though world sugar prices are predicted by the Indonesian Sugar Association (AGI) to remain almost stagnant this year, rising only from US$270 to $304 per ton or an average of $288 per ton to $296 per ton for October delivery, sugar prices in Indonesia have increased from Rp 12,000 (90 US cents) per kilogram to Rp 14,000 to Rp 15,000.If there is no additional supply, the sugar price could increase to more than Rp 16,000 per kg as demand will be even higher, especially because of the approaching fasting month of Ramadan in April.Industry Minister Agus Gumiwang Kartasasmita said recently the government planned to import sugar this year as local production would not be sufficient to meet the steadily rising domestic demand.However, any import plan for agricultural products usually stirs controversy as such a policy would hurt Indonesian sugarcane farmers whose production costs are much...