News International Sugar Journal

Indonesia will be self sufficient in sugar for domestic use in 2012 [Registered]

Indonesia might not import white sugar in 2012, given that its year-end inventory is expected to reach more than 1 million tonnes, above a safe level of 800,000 tonnes, according to Bambang Priyono, secretary at the Indonesian Sugar Council (DGI), recently. “I don’t think it’s necessary. White sugar stocks will be more than 1 million tonnes at year-end. We still have stocks from last year’s imports,” Mr Priyono told Reuters. Stefan Uhlenbrock, analyst at FO Licht, noted that the statement was supported by the impression that Indonesia’s sugar crop was bigger this year, which would imply reduced import demand. However,…

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