AreaIndonesia

Commodity GroupOilseeds, oils and meals

CommoditySoybeans

Date01/07/2013

Policy CategoryStocks

Policy InstrumentState reserves

DescriptionAgreed to resume State purchases with a view to stabilize domestic prices of soy-food products.

NotesINDONESIA – public soy reserves: In line with past government announcements, the state-run Board of Logistics (BULOG) is ready to resume soybean imports and establish strategic reserves with a view to stabilize domestic prices of soy-food products (see also MPPU Nov.’12). Reportedly, BULOG has signed a first contract with the national cooperative of tempeh and tofu producers (GAKOPTI), which will allow members of the cooperative to buy soybeans from BULOG at IDR 7 450 per kg.