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Jakarta Post

State-owned staple food holding firm to be formed by September

A farmer plows rice fields using the help of two buffaloes on agricultural land near a rest area of the Bawean-Salatiga toll road in Central Java on Nov. 2, 2020. Ahead of the rainy season, farmers have begun preparing for the next crop of rice.(JP/P.J. Leo)
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Jakarta   ●   Tue, May 4 2021

Nine state-owned enterprises (SOEs) plan to consolidate into a basic foods holding company by the third quarter of this year in improving Indonesia’s food security, farmers’ welfare and the agriculture industry’s modernity.

Diversified food manufacturer PT Rajawali Nusantara Indonesia (RNI) is set to become the holding entity for all nine constituent companies whose combined assets are worth Rp 28 trillion (US$1.94 billion).

The eight SOEs are RNI, fishery companies Perum Perikanan Indonesia and PT Perikanan Nusantara, agribusiness firms PT Pertani and PT Sang Hyang Seri, logistics firms PT Bhanda Graha Reksa (BGR) and Perusahaan Perdagangan Indonesia (PPI), chicken and cattle producer PT Berdikari and salt maker PT Garam.

“We are going to consolidate a supply chain from the input down to the end, including in warehousing and retai...

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