TheJakartaPost
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The industry ministry has joined the choir of criticism against Agrinas' procurement deals with Indian carmakers, saying that rather than importing foreign-made pickups, the local automotive industry should be bolstered to optimize capacity so as to reap the many benefits of mobilizing the national supply chain.
The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
Beef retailers have gone on strike in protest over the rising price of live cattle set by feedlot operators. While the increase is partly attributed to supply losses caused by flooding in Australia, Indonesia’s largest source of imported cattle, the Agriculture Ministry suspects foul play among feedlot operators, alleging that they are maintaining elevated prices to secure higher margins. This comes as the government earlier this month slashed the private sector’s beef import quota from 180,000 tonnes last year to just 30,000 tonnes.
As part of the wider national food security agenda, protein self-sufficiency requires a circular agriculture approach that integrates cereal production and pastureland planning and management for livestock feed, which is still highly dependent on imports.
An aggressive biodiesel push could pile pressure on energy subsidies in the state budget due to fluctuations in palm oil prices and squeeze already limited feedstock supplies that are also crucial for other industries.
