Indonesia: Oilseeds and Products Update
Link to report:
To stabilize rising soybean prices the Ministry of Agriculture (MOA) has put forth a three-phase plan that includes: “market operations” whereby importers would be required to sell soybeans at a loss to tempeh and tofu makers; “partnership agreements” between importers and soybean farmers, which would require importers to absorb local soybeans at fixed prices; and classifying soybeans as a “strategic commodity”, which would allow the GOI to place restrictions on imports. Palm oil exports are revised downward as higher prices have increased export tax and levy assessments
