To maintain the demand-supply gap in the market, Indonesia is mulling to import sugar. According to the reports, the sugarcane harvest season in the country is expected to start late, therefore the country’s agricultural ministry has recommended to import 130,000 tonnes of white sugar by May.
Indonesia usually starts the season in May, which as per reports is likely to be delayed this year to the end of June.
Head of the ministry’s food security body, Agung Hendriadi, talking to media said, “The country may prioritise purchase from India. A decision regarding this will be announced by the Coordinating Ministry of Economic Affairs.”
Ramadan is around the corner, therefore The State Logistics Agency (Bulog) had earlier requested government approval to import 2,00,000 tonnes of sugar to stabilize prices.
Usually, the country imports it from Thailand, which is currently struggling with drought and low sugar output. Another major sugar producer Brazil yet not has commenced the operations. Therefore now Indonesia may move to India to fulfil its domestic need.
To Listen to this News click on the play button.
